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"LLMs can do anything" except make positive cashflow. (i.programmerhumor.io)

submitted 5 days ago by abbadon420@sh.itjust.works to c/funny@sh.itjust.works

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[–] LodeMike@lemmy.today 4 points 3 days ago (1 children)

And Spotify was barely making a loss AND had a lot of revenue. They were just putting more capital into infrastructure, etc. instead of profits.

[–] Atomic@sh.itjust.works 1 points 2 days ago

Excuse me? From 2017 to 2022. Spotify lost an average of ~430 million euro per year. And they weren't profitable from 2008 to 2016 either... -0.43 billion per year is not "barely making a loss". But investors saw potential and they kept funding.