All posts tagged: revenues

AI Startups are Measuring their Revenues in Likely Fraudulent Ways

AI Startups are Measuring their Revenues in Likely Fraudulent Ways

Published by Jenni Sidey

AI skeptics have long been concerned with the losses and small revenues of AI software companies. In June 2024, almost three years ago, Sequoia partner, David Cahn, estimated that the AI industry needed to generate roughly $600 billion in annual revenue to justify the money being spent on AI infrastructure including data centers and Nvidia GPUs. Last month, market research company, Gartner, said that AI companies need close to “$2 trillion per year in revenue by 2029”, token consumption of between 50,000 and 100,000 times its current rate by 2030, and “a 10% profit margin per token.” With huge losses and small revenues, it is not likely that AI companies will achieve these goals on time. What’s going on here? Usually, companies charge their customers enough money for them to pay their suppliers, and for those suppliers to pay their suppliers. This isn’t happening in AI, however. OpenAI and other AI companies have set prices much lower than their costs to spur demand under the hope that more companies will use AI and then the …

Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman

Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman

Published by Jenni Sidey

After staging a powerful rebound in the past two months, when first weak Q4 earnings sent the stock plunging to multi-year lows, which however was offset by the end of the company’s expensive pursuit of HBO/Warner Bros. Discovery , and which sent the stock almost 50% higher from $75 to $108,moments ago Netflix reported Q1 earnings which were mixed but guidance was especially poor and rekindled the same fears as those unveiled three months ago, and coupled with the news that Reed Hasting was stepping down from the board after 29 years to pursue “philanthropy and personal interested”, NFLX stock tumbled as much as 10% after hours.  Here is a snapshot of what NFLC reported for the first three months of the year: most notable here is another miss in the US which should have been a much more solid number considering the latest of many prices increases for NFLX subs in the US: EPS $1.23 vs. 66c y/y, beating estimates of $0.76 Revenue $12.25 billion, +16% y/y, beating estimates of $12.17 billion; the miss comes …

Baseball-Ohtani tops Forbes’ MLB rich list as revenues soar, labor tensions loom

Baseball-Ohtani tops Forbes’ MLB rich list as revenues soar, labor tensions loom

Published by Sam Flores

March 24 : Japan’s Shohei Ohtani is setting the pace by topping baseball’s rich list, according to figures published by Forbes on Tuesday, as Major League Baseball heads into a new season buoyed by global growth but facing rising labor tensions. The Los Angeles Dodgers superstar is projected to earn $127 million in 2026, driven by an unprecedented $125 million in off-field income, the highest endorsement total ever for an active athlete after Conor McGregor in 2021, Forbes said. Ohtani’s off-field income alone is more than six times the combined total of the other nine players on the list, underscoring his unmatched global appeal. Overall, the top 10 are set to earn a record $144 million off the field, up 20 per cent from last year and nearly nine times higher than four years ago, highlighting the rapid growth in baseball’s commercial landscape. The ranking also underlines the dominance of baseball’s biggest spenders. Cody Bellinger is second at $56.5 million with the New York Yankees, while Bo Bichette is sixth at $42.4 million after joining …