> Most of what we're building out at this point is the inference [...] We're profitable on inference. If we didn't pay for training, we'd be a very profitable company.
IE OpenAI invests in Cursor/Windsurf/Startups that give away credits to users and make heavy use of inference API. Money flows back to OpenAI then OpenAI sends it back to those companies via credits/investment $.
It's even more circular in this case because nvidia is also funding companies that generate significant inference.
It'll be quite difficult to figure out whether it's actually profitable until the new investment dollars start to dry up.
OpenAI's fund is ~$250-300mm Nvidia reportedly invested $1b last year - still way less than Open AI revenue