Not even close. ChatGPT, Claude, and Gemini are all profitable. The companies are doing a ton of R&D but the idea that GPUs are somehow a waste of money is not true.
only if you are clueless idiot (like all of reddit) who don't know how to calculate unit economics.
OpenAI/Anthropic are profitable on per token basis (which is nothing but electricity costs). They have margins around 50%. Most of their losses come from R&D and Capex, which they don't need to spend once they achieve near AGI/ASI.
That's why reddit and popular social media calling this a bubble will continue to get this wrong and get their ass handed to them
Yes, I try to be fair and layout the pros and cons so people can make informed decisions.
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