Economy

OpenAI is on pace to lose $14 billion this year and does not expect to break even until after 2030. Anthropic, on a leaner budget, expects its first operating profit within months. Serious, credentialed voices, not just internet skeptics, are warning that the industry funding both of them is priced like it cannot fail. If it does, the people holding the loss will mostly be people who never chose to make the bet. [Read More]

A DDR4 memory kit that cost about $60 a year ago costs up to $350 now, and Micron is not apologizing for it: the company announced it is leaving the consumer market entirely to sell to AI data centers instead. From Louisiana to Virginia, electricity ratepayers are footing a piece of the AI buildout too, whether or not they have ever opened ChatGPT. [Read More]