[gisely]

Do investors still not care about revenue and profits at a $300 billion valuation? Seems like the bigger problem for them is that they are losing money on the vast majority of those WAUs with no obvious route to profitability because most them will simply stop using it if forced to pay for it.

[anonylizard]

Its a gigantic bet on user stickiness in AI, and the monetizable value of AI users who don't pay for subscriptions. Aka low-end consumers vs high-end consumers.

Nvidia and AMD were low-end vs high-end. In the end Nvidia won a total victory by ditching low margin distractions like building GPUs for consoles, and focused solely on higher end PC GPUs that could dually act as accessible research chips.

[NoahZuniga]

No its not, its a bet on AI replacing workers. Almost all the value isn't going to be from users paying $20 or even $200 per month, but companies paying millions to billions of dollars for the api.