That's the grift. It's always been the play. That's how it's done. It's all about the IPO for these companies.

Look at footnote 1 in that deck. The $42B is net loss, and the gap down to the operating loss is a non-cash charge from revaluing convertible financing. None of that leaves the building as cash. Operating expense was $12.65B and 58% of it went to compute. Concentration is the part that should worry ...

AI companies are doing the same thing that Fiat does, they stay afloat because they are absorbing everyone's purchasing power, hoarding water, land and energy in clandestine tado centers that they are building everywhere, so you are the one who is paying for everything they are doing even when you a...

Your concentration point is the stronger one. Buyers typically cut a company's price 10 to 20 percent when 20 to 35 percent of revenue comes from a couple of customers, because that cash flow can vanish overnight.

it's the classic "future growth priced in" vs. current financials paradox, especially common in high-burn tech. that $34B non-cash charge is a factor, but the implied 12x revenue growth is what drives that $2T+ valuation target, betting on exponential returns down the line. it's less about present m...

2T is stupid no doubt if you look at the Revenue and Operating Loss section their revenue has grown from basically 0 (how do you have negative revenue wtf?!) to 4.6B -- put an integer on that but whatever is, its good - just say100x while their operating loss has only grown about 2.5x the 34B n...