negative times a negative is a positive

It’s just math, duh.

Ask the same to Tesla which has a 700B+ valuation, earlier over 1T. Like it or not, company valuations are about stories, not facts.

Tesla made $12.4B in profit last year. You can argue that the company is overvalued, sure, but there's no case to be made that it isn't a very viable and successful business. OpenAI meanwhile is banking on the fact that it will invent AGI soon and the AGI will figure out how to stop losing money on every query.