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But we saved everything 🙂.
Bill Gurley, industry influencer, pointed out that China-based solar companies have incurred cumulative net losses of about $5 billion since the start of 2024.
He contrasted these losses with those expected from American artificial intelligence companies, suggesting that each major U.S. AI company could individually record losses exceeding $5 billion in the same year.
Gurley has previously discussed how artificial intelligence is reducing the cost of corporate audits. In April, he noted that Big Four accounting firms are not passing on AI-driven savings to clients. His recent comments add context to ongoing debates over profitability in sectors shaped by rapid technological change.