pretty typical with tech companies, people get too optimistic sometimes
It’s typical for tech companies to organize as nonprofits and then restructure because they are losing cash?
Not sure if I’m misunderstanding you or what part you think is typical
It’s typical for tech companies to reorganize because they are losing cash, yes.
So now we are actually to the point where we can ask if a corporation or more widely anything at all has any value if it makes no profit.
There are people in the world who by luck of birth or circumstance have amassed obscene wealth and they after the fact are trying to convince everyone that profit is the only thing of value. These are the real public enemies.
Altman has since said the company is losing money on its $200-per-month Pro subscriptions, which offer limitless access to its most recent model, OpenAI o1, and to its video generator, Sora AI. “People use it much more than we expected,” he wrote in a post on X.
It’s ridiculous. More people use the product, so they’re losing money? What. That’s the complete opposite of what a business is.
Not to mention the environmental damage they’ve been doing for close to no positive results.
It’s not more people using the product, it’s the limited population who are paying $200/month use it way more than they thought they would. So the costs per person paying that are going way over $200/month. Basically, they made the mistake of setting a fuck off price that was too low and a bunch of people did the math and took them up on the offer.
If the product costs that much to run, and most users aren’t abusing their access, it’s possible the product isn’t profitable at any price that enough users are willing to pay.
This is dumb. Moore’s law may be mostly dead, but chips are still progressing at an absurd pace. In 6 years you’ll be able to run the o1 model on a raspberry Pi with no internet access.
Capitalism doesn’t sell performance. It sell ‘potential’ and ‘perceived gains’.
I sell my dates on my potential wealth and potential penis size. People need to get on the capitalism grindset.
“Both my cock and my investment portfolio are well positioned to overperform both ongoing quarterly and year over year growth as compared to standard cocks and investment portfolios, should volatility continue to remain close to historical averages.”
Breakdown of how this doesn't actually mean anything, because I'm autistic:
This doesn’t actually mean anything.
“Well positioned to do X” just means ‘could happen’.
It doesn’t actually promise any outsized gains at all, it ascribes no likelihood to this scenario, it does not quantify anything, at all, and it even conditions the potential hypothetical gains on a the vaguely defined condition of volatility remaining ‘close’ to ‘historical averages’, again totally unquantified.
This would be dubious to expect to continue in perpetuity and without deviation, because both for the market and for people’s interpersonal lives, the extremely normal pattern is that volatilty remains within ‘normal’ bounds for a while, but will also predictably have short but highly intense bursts from time to time.
So these entirely predictable volatility bursts break the condition.
… But to someone with less knowledge of or experience with both markets and relationships, it seems good that something is well positioned to exceed standard growth, it seems reasonable that things will stay close to historical averages, so the ‘vibe’ takeaway is positive, and the mentioned (potential but utterly without basis) outsized growth was both in the short term and enduring year over year!
Even though the actual content of what was said is literally nothing beyond jargon laden flim flam that has no ultimate literal meaning, nor legal liability.
