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A comment on OpenAI's cash burn will be one of the big bubble questions of 2026. Parent comment

Re:OpenAI's cash burn will be one of the big bubble question... by nr378 on Wednesday December 31, 2025 @04:00AM (#46442551)
> The simple evidence for this is that everyone who has invested the same resources in AI has produced roughly the same result.

I think this conflates together a lot of different types of AI investment - the application layer vs the model layer vs the cloud layer vs the chip layer.

It's entirely possible that it's hard to generate an economic profit at the model layer, but that doesn't mean that there can't be great returns from the other layers (and a lot of VC money is focused on the application layer).

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Re:OpenAI's cash burn will be one of the big bubble question... by londons_explore on Wednesday December 31, 2025 @04:04AM (#46442571)
Whilst those other layers are useful, none of them are particularly hard to build or rebuild when you have many millions of dollars on hand.

One doesn't need tens of billions for them.

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Re:OpenAI's cash burn will be one of the big bubble question... by tucnak on Wednesday December 31, 2025 @04:59AM (#46442843)
Yeah, because making good chips (TPU) and compilers (XLA) is notoriously easy, right?
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Re:OpenAI's cash burn will be one of the big bubble question... by londons_explore on Wednesday December 31, 2025 @03:50PM (#46448199)
All of that is below the model
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