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OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024 (www.reuters.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 33 points 1 year ago (3 children)

They love pointing out their revenue instead of their profit. It they were truly making money, you’d think they’d refer to their profit instead.

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  • [–] 6 points 1 year ago (2 children)

    Revenue is a standard unit of measurement for any venture backed business because it gauges interest and growth better than profit does

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  • [–] 1 point 1 year ago (1 child)

    Does that run the risk of leading to a future collapse of certain businesses, especially if their expenses remain consistently astronomical like OpenAI? Please note I don’t actually know—not trying to be cheeky with this question. Genuinely curious.

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  • [–] 1 point 1 year ago

    I don't know the answer but my experience with venture capitalists is that they're everything from absolute buffoons to incredibly data-centric in decision making

    So if Y combinator cares about revenue then I think the answer to your question is no, in aggregate, but that's just a guess based on an assumption of information that I don't actually have

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