Is AI
Profitable
Yet?
NO.
Everyone's Broke.
Spend vs Revenue by Company
| Company | AI Spend | AI Revenue | Cumulative PNL |
|---|
Why I Built This
Many industry experts and companies claim AI profitability by 2030 is possible, so this page tracks how close we really are: cumulative spend versus revenue across the major AI companies, in one place. Perhaps one day the big "NO" becomes a "YES." So far, the big winner is NVIDIA, taking huge profits as the primary chip supplier to the AI sector.
How the Numbers Work
- All figures are estimated cumulative totals (all-time), built from leaked financials, SEC filings, earnings calls, and industry estimates (Bloomberg, WSJ, The Information, Epoch AI). The punchline "Everyone's Broke" is intentionally punchy — don't take it absolutely literally.
- Big-tech figures include infrastructure capex, which is why Amazon and Google look far in the red despite being hugely profitable companies overall: the question is whether the AI investment has broken even, not company-wide profitability.
- Spend includes direct R&D, compute, and capital expenditure on AI infrastructure (data centres, chips, networking). Indirect AI revenue (e.g. AI-boosted search or Office) is excluded — there's no reliable way to attribute it.
- The "spent since page load" counter uses current annual burn rates, not historical averages.
Disclaimers
The AI economy is circular — Google funds Anthropic, Anthropic runs on Google Cloud, Microsoft co-invests with OpenAI — so aggregate figures double-count some revenue flows. This is a best-effort honest picture, not a financial audit.
Page Updates
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- 2026-07-02Added footer menu: Page Updates, Buy Me a Coffee and Privacy Notice.
- 2026-07-02Company list updated: Mistral AI and Cohere AI removed, Enie-Lat added.
- 2026-07-02Redesign: light palette matching paulm.com.ar, per-company spend vs revenue bars, wider layout.
- 2026-07-02First version published (data snapshot: May 2026).
Privacy Notice
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Last updated: July 2, 2026.