See, I think this is wrong. The unit economics of LLMs are great, and more than that, they have a fuckton of users with obvious paths to funding for those users that aren't paying per unit (https://www.snellman.net/blog/archive/2025-06-02-llms-are-ch...). The problem is the ludicrous up front over infestment, none of which was actually necessary to get to useful foundation models, as we saw with DeepSeek.
andsoitis•2h ago
I said, "Yes, that's right."
Which companies are those?
ben_w•1h ago
I dispute the "no way to become profitable" claim (literally all profitable right now, it's the private ones which probably aren't). I do have other negative sentiments for most of them, but those are the seven that represent about that share of the S&P500.
andsoitis•39m ago
The author’s thesis seems to lack rigor.