No, this whole thread has been a back and forth of pro AI(or at least pro anthropic) people arguing that the company is profitable because if you constrain your view to the last 2 quarters and just inference it looks that way while the other side keeps pointing out that you don’t get to do inference or the last two quarters without the massive cash spend occurring on training due to hardware and buildout.

These models become obsolete in months. Until the labs prove that they can produce a model that has a positive return on investment in it, it’s insane to think that the labs are in a long term good position.