[rvz]

> "But seeing the biggest player by far still struggling to find any path to profitability"

I would have agreed if Reality Labs was its own startup but they are supported by Meta. With that said, $12BN profit in one quarter for Meta is somehow "struggling"?

Wait until you see the wave of unprofitable AI startups and companies raising capital forever without a path to profitability in sight.

Meta can afford to spend billions into Reality Labs, until that unit itself becomes profitable. They are totally fine and it is still business as usual and they will be sitting comfortably for another decade.

The rest of the so-called AI startups taking in VC capital on the other hand...

[blackoil]

I think OPs concern is not for Meta, but ability of startups to raise funds. If Meta can't make profit or product even after spending 10s of billions, the chance of a startup is near 0.