I’ve not heard anyone say that the whole thing is profitable. Companies like Anthropic have said that inference is profitable, but I assume that’s only on a ste

I’ve not heard anyone say that the whole thing is profitable. Companies like Anthropic have said that inference is profitable, but I assume that’s only on a steady state basis, which nobody in the industry has ever reached at this point. As far as I know, everyone is still burning cash with data center buildouts and overall training costs.