this post was submitted on 19 Jan 2025
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Pick one.
They're not mutually exclusive. The Hope Diamond is valued at around $300 million, but it doesn't make any profit.
The Hope Diamond isn't a business.
Neither is "AI" apparently.
Ha, you could say its a Hope Unicorn
Profitable means your revenue is higher than your expenses. Valuation is whatever someone is willing to buy your business for (i.e. what they think the company could earn in the future). They are completely separate concepts, and a highly profitable company could have a low valuation while an unprofitable company can have a high valuation based purely on the future potential of the company.
Is a private company that can say it's worth whatever they want it doesn't make it true. Only public companies have to have the bare minimum of transparency
I think you misunderstand what valued at means.