MIND THE GAAP AGAIN

Summary from the TLDR AI newsletter

OpenAI desperately needs cash because it lacks economies of scale. Microsoft is shipping billions to OpenAI because it would be disastrous for the company if OpenAI went under. $10 billion of OpenAI's revenue may have been effectively a subsidy from Microsoft. This means that OpenAI was charging subscribers around 25% of what they were costing. OpenAI would have significantly fewer subscribers with an $80 per month subscription.