• Alphane Moon@lemmy.world
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      24 days ago

      Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.

      • Botzo@lemmy.world
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        24 days ago

        $500 million in run-rate revenue

        Absolutely astounding that they can raise $13B on a sixth round of funding on that.

        For the less finance jargon savvy, “run-rate revenue” just means projected annual revenue.

        All this means they spent 3 years of revenue to make this go away.

        Absolutely not a profitable business lol.

              • Botzo@lemmy.world
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                22 days ago

                5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.

                And they very likely won’t be profitable in the real sense even then.

                • baggachipz@sh.itjust.works
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                  22 days ago

                  The $5B run rate, as I understand it, is smoke and mirrors. Each dollar they make costs them much more than that dollar. Sell it at a loss, but make it up on volume!

                  Something something efficiency

                  The models are only getting more expensive to train and run as they increase in complexity.

                  • Botzo@lemmy.world
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                    22 days ago

                    Just remember that actual profit isn’t important to investors. They’re only here make money on the growth of the investment.

                    Goddamn parasites.

      • pdxfed@lemmy.world
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        23 days ago

        At least I can enjoy stupid corporate leaders lapping up the dogfood they’re told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.