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Major AI Companies Aren’t Even Pretending to Make Money

Joe Wilkins

created: Jan. 31, 2026, 7:15 p.m. | updated: Feb. 10, 2026, 7:15 p.m.

Last year, investors lavished $80 billion on foundation AI companies — the ones building huge, general-purpose AI systems. That being the case, you may ask yourself: is anyone even trying to make money from all this AI stuff? The answer, as TechCrunch AI editor Russell Brandom explains, is a resounding “not really, no.”In order to keep track of who‘s doing what in the AI space, Brandom came up with a five-level scale to grade AI companies. Instead, Brandom went with a vibes-based system, rating companies based on how hard they’re trying to make money. “There are no product cycles, and, aside from the still-baking superintelligent foundation model, there doesn’t seem to be any product at all,” Brandom writes.

1 week, 4 days ago: Futurism