[jsheard]

Most AI startups are following the Underpants Gnomes business plan:

Phase 1 - Launch product which loses money

Phase 2 - ???

Phase 3 - Profit!

Few have progressed past the first phase yet.

[handzhiev]

Hugging Face is already profitable according to Clement https://x.com/ClementDelangue/status/1811675386368966682

[ArnoVW]

That is a well known lesson. In any goldrush it is always profitable to sell pickaxes and spades to the miners. The miners themselves generally do less well (except the happy few that strike gold)