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How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise

(www.nytimes.com)
387 points reaperducer | 1 comments | 31 Oct 25 13:03 UTC | HN request time: 0s | source
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nova22033 ◴[31 Oct 25 14:59 UTC] No.45772702[source]▶
Related

https://www.theregister.com/2025/10/29/microsoft_earnings_q1...

Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter

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guywithahat ◴[31 Oct 25 15:07 UTC] No.45772839[source]▶
It's incredible how Tesla used to lose a few hundred million a year and analysis shows would freak out claiming they'd never be profitable. Now Rivian can lose 5 billion a year and I don't hear anything about it, and OpenAI can lose 11 billion in a quarter and Microsoft still backs them.

I do think this is going to be a deeply profitable industry, but this feels a little like the WeWork CEO flying couches to offices in private jets

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randomNumber7 ◴[31 Oct 25 15:10 UTC] No.45772879[source]▶
The winner takes it all, so it is reasonable to bet big to be the one.
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aaronblohowiak ◴[31 Oct 25 15:16 UTC] No.45772993[source]▶
Do you have any reasoning to support the notion that this market is winner takes all?
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chii ◴[31 Oct 25 15:28 UTC] No.45773155[source]▶
With enough money to lobby, they can make it a winner takes all market (ala, a regulated monopoly).
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1. deadbabe ◴[31 Oct 25 17:05 UTC] No.45774262[source]▶
But then you get stuff like Deepseek R1.