GM
General Motors Company
stock NYSE

Until we see an S-1 with all the footnotes and disclosures, those mean nothing.
I have a strong suspicion that they are classifying cost of services improperly. I think a ton of their 'R&D' is likely to be 'cost of services'. Another trick companies will use is to give discounts and incentives and call it 'marketing' when in reality it should be cost of services.
I mean, they made more revenue in 2025 vs 2024, +$9B in revenue, yet -$12B in total losses. That does not sound like a business benefitting from scale. Something is very wrong at OpenAI. And this is with Tokenmaxxing driving demand up, and their compute supplied by Microsoft at a loss as well.
So basically even with help on revenue and expenses, they are still showing diseconomies of scale... on a supposedly high GM business.... right....

>none of the AI firms are even close to break even
They do seem to be GM positive, though. So inference at current capabilities and price points seems to be a valid business model. The losses are mostly tied to training of new models.

I keep seeing people throwing that term around, you do know it's not the same as what 🥭 did with the surprise announcement of White House taking a stake in it and then pumping tf outta it right?
A bailout looks like what happened to GM in 2009. GM declared Chapter 11 and the Bush admin declared a rescue package, which Obama admin took over and continued. GM was then delisted and renamed Motors Liquidation Company, they eventually relisted a year later in 2010 with new shares to the anger of many old shareholders still stuck in limbo. The old shares were officially canceled end of March 2011 which essentially meant the remaining old shareholders who were coping on government saving them were completely fucked raw with nothing given to them. The people who did Occupy Wall St were basically just BSC(Bear Stearns) and GM shareholders who lost decades of investments

Until we see an S-1 with all the footnotes and disclosures, those mean nothing.
I have a strong suspicion that they are classifying cost of services improperly. I think a ton of their 'R&D' is likely to be 'cost of services'. Another trick companies will use is to give discounts and incentives and call it 'marketing' when in reality it should be cost of services.
I mean, they made more revenue in 2025 vs 2024, +$9B in revenue, yet -$12B in total losses. That does not sound like a business benefitting from scale. Something is very wrong at OpenAI. And this is with Tokenmaxxing driving demand up, and their compute supplied by Microsoft at a loss as well.
So basically even with help on revenue and expenses, they are still showing diseconomies of scale... on a supposedly high GM business.... right....

>none of the AI firms are even close to break even
They do seem to be GM positive, though. So inference at current capabilities and price points seems to be a valid business model. The losses are mostly tied to training of new models.

I keep seeing people throwing that term around, you do know it's not the same as what 🥭 did with the surprise announcement of White House taking a stake in it and then pumping tf outta it right?
A bailout looks like what happened to GM in 2009. GM declared Chapter 11 and the Bush admin declared a rescue package, which Obama admin took over and continued. GM was then delisted and renamed Motors Liquidation Company, they eventually relisted a year later in 2010 with new shares to the anger of many old shareholders still stuck in limbo. The old shares were officially canceled end of March 2011 which essentially meant the remaining old shareholders who were coping on government saving them were completely fucked raw with nothing given to them. The people who did Occupy Wall St were basically just BSC(Bear Stearns) and GM shareholders who lost decades of investments

GM 🤍

GE, IBM, ATT were the forever hold stocks…didn’t work out well. Just look at the top companies from 1950s
Most valuable companies were GM, XOM, T, US Steel, GE…
US Steel was the Microsoft in the 50s

Cars was GM literally setting up a factory and sending their engineers to directly train Chinese engineers and China financing many of their students to go to USA universities. Drones were always China’s thing…well the little ones anyways. RAM wise ChangXin is still behind both in wager tech and volume.
Next question.

US governent owned massive stakes in GM and C (among others) due their impending failure/insolvency during the financial crisis.
My prior comment referencing GM was alluding to US government becoming majority stakeholder in the company and subsequently IPO'ing them. Yes that's right, Mr General and Mrs Motors might have IPO'ed GM in the past century, but it was done by Uncle Sam in this one.

The US government has at times aided auto, commercial aviation (pandemic), insurance and finance (financial crisis) industries. If not for that, a great many more long standing US companies would have fell. And they let Washington Mutual fall, but chose to save others. GM is a hundred years old company - but have you seen their stock chart? It only goes back less than 2 decades - because saved by US govt.
US interest in INTC is purely geopolitical. They want to de-risk threat of losing access to TSM. INTC fab business has been a mess, but it would be the closest US can get right now to replacing TSM.

GM from NW 🇬🇧 Have a gr8 day all. Let’s goooo! 🚀🚀🚀💥📈🍻🤑