Is AI Profitable Yet?
A single developer’s answer to the question in the title, rendered as a big red NO — ‘everyone’s broke’: the site tracks estimated cumulative AI spend versus AI revenue across the majors (roughly $1.5T of spend against $769B of revenue as of July 2026, with Amazon around -$309B, Google -$278B, Meta -$235B, OpenAI -$35B), updated monthly from SEC filings, leaked financials, and estimates from Bloomberg, the WSJ, The Information, and Epoch AI. The methodology notes are the best part: capex is deliberately counted as spend rather than smoothed over a depreciation schedule, indirect AI revenue (AI Overviews, Copilot-lifted Office) is excluded as unattributable, revenue is extrapolated from ARR and admitted to be ‘more optimistic than anything’, and the aggregate double-counts a circular economy in which Google funds Anthropic and Anthropic runs on Google Cloud — leaving NVIDIA as the one clear winner.
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