- Entry
- $389.02
- Final
- $365.46 -6.1%
- Target
- —
- Score
- +0.61
Spent the last week going through the financial and operational data behind the AI industry. A few things that don't get enough coverage: **The circular money loop** OpenAI spent $12.43B on Azure inference between CY2024 and Q3 2025. Its total external revenue in all of 2024 was $3.76B. The inference costs have materially eclipsed revenues. Microsoft funds OpenAI. OpenAI buys Azure. Azure revenues flow back to Microsoft. OpenAI is now contractually committed to purchasing $250B in Azure services going forward, …
— ORIGINAL POST ·
The AI boom has a circular capital problem nobody wants to talk about, and a power grid that's 70% end-of-life
· r/investing
· Mar 20, 2026