Wonder what their financials are actually, usually with cloud capital ventures like these they usually still magically keep raking it in even though they’re “losing money”.
For instance, Amazon during the pandemic paid zero corporate tax even though they had record sales because they “didn’t make any profit”, Tesla too who didn’t make profit during 2020 yet their share price went 10x and they had plenty of shares to sell if they wanted.
If they have a publicly traded part (iirc openai ownership was weird, but dont think they have a publicly traded part (yet)) they should do financial statements, before that doubt anybody can really tell.
Wonder what their financials are actually, usually with cloud capital ventures like these they usually still magically keep raking it in even though they’re “losing money”.
For instance, Amazon during the pandemic paid zero corporate tax even though they had record sales because they “didn’t make any profit”, Tesla too who didn’t make profit during 2020 yet their share price went 10x and they had plenty of shares to sell if they wanted.
The trick is to spend all the money you earn.
Spend all the money you earn on fees to a shell company that you own in a country with less or no corporate tax rate.*
If they have a publicly traded part (iirc openai ownership was weird, but dont think they have a publicly traded part (yet)) they should do financial statements, before that doubt anybody can really tell.
Not that those statements are easy to read.