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I don't want to defend the AI companies specifically, but lots of stuff works like this. If you need infrastructure to provide a service and you have to pay for the infrastructure up-front and then make the money back later, you're going to have charts that look like these.
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colonialism fans these days be like "colonialism wasn't very profitable. it was negatively profitable," ignoring that the reason for the 'negative' profits were that they socialized the costs and privatized the wealth, and also, so so so so very many wars over colonies against other colonizer powers