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No, it wasn't. Cloud computing was almost immediately profitable. And Amazon was famously "unprofitable" for their first 9 years because they were investing al
by marcosdumay 1mo ago
No, it wasn't. Cloud computing was almost immediately profitable.
And Amazon was famously "unprofitable" for their first 9 years because they were investing all their very real profits into a form of capital that the US tax code didn't recognize.
- reducesuffering 1mo agoGCP reported its first quarterly operating profit in Q1 2023, roughly 15 years after Google began offering cloud computing. Frontier labs are also reinvesting their tens of billions of revenue back into infra scaleout, sounds like Amazon. If 2 of 3 were like this, and Azure numbers were never split out, want to take a guess what the economics of the third was like too?
- cosmodisk 1mo agoYou are being downvoted but only a few years ago Google contemplated whether to kill GCP altogether because of lack of traction in the market or revenue goals.
- marcosdumay 1mo agoYes, there exist cloud computing companies that took a long time to be profitable. IDK if Oracle ever was. Cloud computing was still profitable the entire time. Amazon alone could cover all of GCP expenses.