this post was submitted on 14 Sep 2026
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Sam Altman says OpenAI will not go public this year as AI fears grow (www.sfchronicle.com)
submitted 2 days ago by fubarx@lemmy.world to c/technology@lemmy.world
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[–] Cherries@lemmy.world 3 points 14 hours ago* (last edited 14 hours ago)

Financial Times reported that Anthropic is telling investors "gross margins are above 80% before revenue it shares with distribution partners and before the cost of training models."

This is like saying, "I got $500 at the casino, but don't ask me how much I spent on the slot machines". All the AI corpos are in the same boat, so this "fear of danger" is likely a smokescreen for, "we're hemorrhaging cash".