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given that they lose >$4B/year I guess everything is peanuts

OpenAI have $40 billion in funding from SoftBank for the next two years, so they can afford to buy Windsurf.

Is OpenAI worth the $260 billion valuation... No, of course not, they're losing >$4 billion a year.

That $40 billion is actively being spent being lit on fire to serve all the ChatGPT requests though. It's not just sat in the bank doing nothing.