

if you think it’s stupid, it’s not as stupid as it sounds, it’s worse. they also sold some tmobile stock and took debt backed by ownership of arm. it’s like they instinctively get rid of pieces of ai bubble that retains some money and hold to pieces that are black holes









new zitron: ed picks up calculator and goes through docs from microsoft and some others, and concludes that openai has less revenue than thought previously (probably?, ms or openai didn’t comment), spends more on inference than thought previously, openai revenue inferred from microsoft share is consistently well under inference costs https://www.wheresyoured.at/oai_docs/
also on ft (alphaville) https://www.ft.com/content/fce77ba4-6231-4920-9e99-693a6c38e7d5
ed notes that there might be other revenue, but that’s only inference with azure, and then there are training costs wherever it is filed under, debts, commitments, salaries, marketing, and so on and so on
e: fast news day today eh?