OpenAI and Anthropic are already in a ~200bil hole from previous model iterations and are committing to trillions of additional spending
OpenAI spent more TBPN than kimi spent on training K3
It's really simple: if they truly get to human-level AI (or even superhuman AI), then money and debts no longer matter, since our current economic system will be obsolete. They are betting everything on this outcome.
I don't know if they will manage to do it before their debts have to be repaid, but considering the rate of acceleration in the past few months, there is a non-trivial chance that they will, IMHO. We will see.
AnodicElegy•1h ago