Who’s making money in AI right now?

Dave DeGraw ranting about his frustration with vibe coded PRs and asking the most important question.

Is anyone making money on AI right now? I see a pipeline that looks like this:

  • “AI” is applied to some specific, existing area, and a company spins up around it because it’s so much more “efficient”
  • AI company gets funding from venture capitalists
  • AI company give funding to AI service providers such as OpenAI in the form of paying for usage credits
  • AI company evaporates

This isn’t necessarily all that different than the existing VC pipeline, but the difference is that not even OpenAI is making money right now.

Ha!



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