The $13.5B net loss doesn't mean they are in trouble, it's a lot of accounting l...

fred_is_fred · 2025-10-02T20:02:43 1759435363

Deprecation only gets worse for them as they build-out, not better.

dwaltrip · 2025-10-02T20:57:18 1759438638

It gets worse until we hit the ceiling on what current tech is capable of.

Then they can stop burning cash on enormous training runs and have a shot at becoming profitable.

ceroxylon · 2025-10-03T18:26:05 1759515965

This makes sense, but what happens when they stop burning cash on training runs and any of their competitors releases a better model that raises the ceiling?

They will have to train one that is comparable (or better), or the word will spread and users will move to the better model.

FridgeSeal · 2025-10-03T02:32:13 1759458733

They survive through inertia and “new model novelty”.

The minute they lose that (not just them, the whole sector), they’re toast.

I suspect they know this too, hence Sam-Altman admitting it’s a bubble so that he can try to ride it down without blowing up.