this post was submitted on 28 Jan 2025
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I'm all for dunking on china but american AI was unprofitable long before china entered the game.
*was never profitable.
At least with Costco loss-leaders you get a hot dog and a drink.
I am personally of the opinion that IKEA sells furniture as a loss leader, and their real business is Swedish meatballs.
and fluffy sharks
But now the companies sweating an explanation for why they failed to get to profitable can blame China instead of their own poor business plans.