It's a powerful metric. It captures to what extent something is sustainably possible today.
You'd think here, of all places, we'd look more toward adoption, disruption, and potential for future revenue.
The full balance sheet captures the info. If the AI companies suck up all of our salaries and spend that money on R&D/training, they still aren’t profitable, right?
That wouldn't be sustainable, which is all I'm saying.
>> Profitability is an awfully narrow metric.
I mean, if anything summarizes where we have gotten to as an industry this quote is sure it. From Uber using VC funds to subsidize growth to where the AI players are at...