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The State of AI Gross Margins in 2025

• giorgioz 1y ago
  I'm really surprised by such high margins... They just don't seem right, I thought Anthropic and OpenAI were not profitable yet... I don't understand how they came up with such claims of profit margins... can you someone explain me? :)
  • Leynos 1y ago
    They're counting model training as a capital expenditure, and so excluding it from running costs.
• al2o3cr 1y ago
  Some companies include the cost of free users within it, while others do not. "If you ignore the costs of all the free stuff we give away, we're TOTALLY PROFITABLE! Give us moar money to throw on the pyre!"