WIRE — Take OpenAI, which is currently valued at roughly 40 times sales despite generating about $20 billion in annual revenue and still remaining unprofitable. In fact, estimates suggest it could lose between $15 billion and $20 billion this year alone. Anthropic, too, is valued at around 20 times sales while continuing to report losses. Now compare this with established companies. TCS, for instance, trades at around 25 times earnings while generating consistent profits. AI laboratories are being valued at 40 times sales despite burning cash. That itself tells you why investors are worried
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