alt Hacker NewsIt's also weird that most seems to think that if inference is good, it's all good. You still have massive costs in data centers, replacing hardware, upgrading hardware, paying salaries, etc. You can have 99% margins on what you sell and still go bankrupt.
Most here need a finance lesson.
In intrinsic valuation, the value of the operating assets is determined by ebit(1-t) - reinvestment.
Gross profit doesn’t mean a whole lot if a) your operating income is negative b) your reinvestment needs are mega. You have to make some interesting assumptions Re. Anthropic to get a 2T valuation.
I almost have to hold my nose reading finance posts on here.