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OpenAI's own estimate is a $14B loss in 2026[1]. Anthropic is aiming to break even this year (and some of that is probably due to Cowork, so that at least isn't unreasonable). So it may be revenue, but it isn't profit, yet...

1: https://finance.yahoo.com/news/openais-own-forecast-predicts...



You’re not approaching it from startup accounting. It’s only equity(Sam’s) that matter. Profit is a trifling matter.


Profit is what you do when you're not trying to grow. Name a time in history when a company with an industry-defining product with huge demand failed under the weight of cash flow, or regulation.




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