So now we are actually to the point where we can ask if a corporation or more widely anything at all has any value if it makes no profit.
There are people in the world who by luck of birth or circumstance have amassed obscene wealth and they after the fact are trying to convince everyone that profit is the only thing of value. These are the real public enemies.
Altman has since said the company is losing money on its $200-per-month Pro subscriptions, which offer limitless access to its most recent model, OpenAI o1, and to its video generator, Sora AI. “People use it much more than we expected,” he wrote in a post on X.
It’s ridiculous. More people use the product, so they’re losing money? What. That’s the complete opposite of what a business is.
Not to mention the environmental damage they’ve been doing for close to no positive results.
It’s not more people using the product, it’s the limited population who are paying $200/month use it way more than they thought they would. So the costs per person paying that are going way over $200/month. Basically, they made the mistake of setting a fuck off price that was too low and a bunch of people did the math and took them up on the offer.
Because the people that innovate do not care for business and are not good at it, but everything in this world we created has to be sold so there is always this initial mismatch before the business graduate vultures, who innovate nothing descend on it, beg control and then go way too far in the opposite direction. At that late point the only innovation will be a slightly more rounded set of icons on the website.
So now we are actually to the point where we can ask if a corporation or more widely anything at all has any value if it makes no profit.
There are people in the world who by luck of birth or circumstance have amassed obscene wealth and they after the fact are trying to convince everyone that profit is the only thing of value. These are the real public enemies.
This is the post-scarcity shift. This is how it happens.
We need to take, by force, those who have too much and give it to those who have too little.
They will be kicking and screaming. That means we’re doing something right, because they are not our allies.
It’s ridiculous. More people use the product, so they’re losing money? What. That’s the complete opposite of what a business is.
Not to mention the environmental damage they’ve been doing for close to no positive results.
It’s not more people using the product, it’s the limited population who are paying $200/month use it way more than they thought they would. So the costs per person paying that are going way over $200/month. Basically, they made the mistake of setting a fuck off price that was too low and a bunch of people did the math and took them up on the offer.
Because the people that innovate do not care for business and are not good at it, but everything in this world we created has to be sold so there is always this initial mismatch before the business graduate vultures, who innovate nothing descend on it, beg control and then go way too far in the opposite direction. At that late point the only innovation will be a slightly more rounded set of icons on the website.