Post #3795391

That and treating ARR as a reliable indicator of revenue. Which isn’t as bad as the valuations, but is still pretty bad. Ed Zitron has explained all the ways they game ARR, and, more importantly, it doesn’t matter how much your revenue grows if you are spending 2 dollars for every dollar you make (or spending 20 dollars for every dollar they make, as seems to be the case with their subscription plans). Maybe the boosters will shut-up once OpenAI and Anthropic finally run out of venture capital to burn on subsidizing subscriptions, but actually, judging by the way the AI 2027 authors are still claiming credit for being right, they will probably just look for someone else to blame for the high costs.