A year after predicting GenAI's sustainability crisis, the 2024/25 financial data tells a concerning story. OpenAI's $10 billion revenue comes with $5 billion losses, whilst Anthropic burns $3-4 billion annually. With the sector consuming over $100 billion in venture funding and Big Tech spending $250 billion on AI infrastructure, we're witnessing what some critics are now calling a "subprime AI crisis" – an entire industry built on services sold at massive losses. The transparency initiati...| Scott Logic
Sarah Wang is a general partner on the Growth investing team at Andreessen Horowitz, focused on AI and enterprise technology companies. She currently| Andreessen Horowitz
It’s no longer just about cramming data into bigger and bigger models. I chart the shifts toward inference and compound AI systems and explain what they mean for founders.| ashugarg.substack.com