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‘Tan said that OpenAI reaching annualized revenue of $50B in September points to a viable business model but offers little guarantee on long-term profitability. Tan also warned that insufficient capital could become the next constraint on the industry’s growth.’ www.bloomberg.com/news/article...

bloomberg.comBroadcom CEO Likens Many AI Investors to Casino GamblersThe AI boom has attracted investors whose strategies resemble those of gamblers, Broadcom Inc. Chief Executive Officer Hock Tan said, suggesting some of them have little understanding of what they’re ...

12/10/26, 4:15 pm6 reposts25 likes

tehmud.bsky.social

@tehmud.bsky.social

Imagine having money lol

Trapped in a Suburban Hellhole

@carljanderson.bsky.social

Okay, I have seen this a couple of times. I am not a MBA. So, can someone explain to how to square these two items - 1) Viable Business Model 2) Little Guarantee on Long Term Profitability. Maybe I can get Tan to invest in my company that has no real plan to profitability?

Stressed_Scientist

@wittyretorthere.bsky.social

*Only because this insane idea is technically plausible in this group* Turns out he is a die hard longtermism believer and has serious doubts that a thousand years from now and 3 galaxies away it will still be a profitable idea.

Peter Principle

@peterprinciple.bsky.social

Amazing how easily "annualized run RATE" gets transformed into "annualized revenue."

alexgraydb.bsky.social

@alexgraydb.bsky.social

Anything with “annualIZED” is a fabrication anyway - it’s taking a number that is not annual and applying some “because I said so” transformations to it to make it annual-shaped.

Peter Principle

@peterprinciple.bsky.social

As I recall (it's been a while), the CFA Institute holds that annualizing anything under a year's worth of revenue or earnings for investment reporting purposes is a deceptive practice. But rules don't mean much any more -- especially for AI.