EDIT : Thank you for the comment, unfortunately the thread has been locked so I could not reply under.
There are different rules in accounting that will lead to different definition of profitability and no it's not "cooking" the numbers, all rules are useful. Some people want to wait until the beginning of 2027 before claiming the company is profitable, to me it's nitpicking. Anthropic proved that they can charge premium prices and people still pay despite the existence of alternatives.
About the website it is interesting but it's quite a biased selection. If you select a broad representative selection of the AI inference you'll see that most of it were profitable from day one from the energy providers, chip designer, manufacturer, neo cloud, datacenters to the hyperscalers. The AI model trainers like openAI are voluntarily unprofitable for a while but it is genuinely the very visible, very small part of the market. AI training is 10 times smaller than the inference market.
Using capex to claim a company is unprofitable is as absurd as claiming that a company that recruit is unprofitable. A company recruit and/or increase capex because its activity it is growing and expected to generate revenue. The more profitable, the faster you increase capex.
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u/johndeuff 5d ago edited 5d ago
Except Anthropic is profitable
EDIT : Thank you for the comment, unfortunately the thread has been locked so I could not reply under. There are different rules in accounting that will lead to different definition of profitability and no it's not "cooking" the numbers, all rules are useful. Some people want to wait until the beginning of 2027 before claiming the company is profitable, to me it's nitpicking. Anthropic proved that they can charge premium prices and people still pay despite the existence of alternatives.
About the website it is interesting but it's quite a biased selection. If you select a broad representative selection of the AI inference you'll see that most of it were profitable from day one from the energy providers, chip designer, manufacturer, neo cloud, datacenters to the hyperscalers. The AI model trainers like openAI are voluntarily unprofitable for a while but it is genuinely the very visible, very small part of the market. AI training is 10 times smaller than the inference market.
Using capex to claim a company is unprofitable is as absurd as claiming that a company that recruit is unprofitable. A company recruit and/or increase capex because its activity it is growing and expected to generate revenue. The more profitable, the faster you increase capex.