On: OpenAI Is Just Another Boring, Desperate AI Startup

[myroon5]

> first major consumer tech brand to launch since Facebook

from my recollection, post-FB $75B+ market cap consumer tech companies (excluding financial ones like Robinhood and Coinbase) include:

Uber, Airbnb, Doordash, Spotify (all also have ~$1bn+ monthly revenue run rate)

[vessenes → myroon5]

Fair comment, I will not fight you on it.

I propose oAI is the first one likely to enter the ranks of Apple, Google, Facebook, though. But it's just a proposal. FWIW they are already 3x Uber's MAU.

[poopiokaka → vessenes]

They aren’t making money so they haven’t entered any rank. They have users and revenue but cannot last at current setup. Ticking time bomb

[Palmik → poopiokaka]

Uber became profitable only very recently: https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro...

[beAbU → Palmik]

Yes and look at how much their service has degraded to get there.

[scarface_74 → myroon5]

Spotify goes back and forth from barely profitable to losing money every quarter. They have to give 70% of their revenue to the record labels and that doesn’t count operating expenses.

As Jobs said about Dropbox, music streaming is a feature not a product

[myroon5 → scarface_74]

I listed multiple candidates so disputing one wouldn't dispute my main point ;)

Hyperbole to say no major consumer tech brands have launched for decades

[bigyabai → scarface_74]

> back and forth from barely profitable to losing money every quarter

I would be shocked if OpenAI was not in a similar (or worse) position.

[degamad → bigyabai]

I would be shocked if OpenAI was profitable in any quarter...