Topic
Whether AI revenue growth converts into sustainable operating earnings given training and inference costs.
Executives privately hope to match or beat SpaceX's record $75bn IPO, according to Bloomberg's sources, while briefings led by the CFO decline to discuss valuation.
Reality
Sarah Friar told staff an IPO is a milestone, not a finish line, in the same week OpenAI said it slowed scaling and the WSJ reported 18% quarterly revenue growth. Capital is the constraint being managed.
Reality
PostHog says one product's LLM cost doubled from $5k to $10k in a day and it was not a regression. Without per-workflow tracking, growth and a defect look identical on the invoice.
Reality
A builder's account decomposes a production voice minute into speech-to-text, tokens, speech synthesis, telephony and media infrastructure, then puts failed calls in the numerator.
Reality
The integrated product shipped on July 7 and CTech later put the price near $65 million, unconfirmed by either company. The method matters more than the number.
Reality
Silicon Data figures reported by the FT put the one-month drop at close to 25%. The pressure is coming from DeepSeek and Moonshot, not from OpenAI and Anthropic fighting each other.
Reality
A worked example on dev.to shows a prompt that grew from 1,500 to 5,000 tokens more than doubling a monthly bill, with no new users and no price change.
Reality