[4lx87]

OpenAI reported ~$20 billion annualized revenue for 2025, up from $6 billion the year before.

[cdrnsf]

And that covers their model training and infrastructure costs?

[spongebobstoes]

each new model brings in revenue that is multiple times the cost to create said model

[jddj]

Is that the case? What about gpt 4.5? o1-pro?

[spongebobstoes]

with revenue >2x cost, they can afford to have a miss now and then

[jddj]

If you have a machine that reliably takes $1 and makes $2 you raise debt not equity

[bdangubic]

care to elaborate? if my machine is doubling my money, why do I have to raise debt?

[cdrnsf]

So their CFO's publicly voiced concerns are unwarranted?

[rchaud]

The efficient market hypothesis has taken a real beating in the age of tech industry anti-gravity valuations.

[m_ke]

until it doesn't.

scaling laws are a power law, you can only stay ahead for so long when each minor improvement gets exponentially more expensive

[downrightmike]

exactly