The whole AI world really is completely circular spending where every one loses money along the way. The only one really making any money is Nvidia.
Except that they're loaning a bunch of money to their "customers" to "buy" their products. It's still really circular.
How is SpaceX not making money?
Total investment is 20-40B, rent to Anthropic for 45B over 3 years.
Anthropic is also profitable now.