🦔 OpenAI's Sora video generator saw usage drop 32% in January, down from December's peak. Total consumer spending to date: $1.4 million across 9.6 million downloads. That's 3.8 cents per user. This month users spent $367,000, down from $540,000 in December. The US accounts for $1.1 million of the total. My Take OpenAI reportedly loses around $6 per video generated with Sora. They've made $1.4 million total from nearly 10 million downloads. The math doesn't work and the trend is going the wrong direction. This feels like Pokémon Go all over again. Novelty app gets massive initial interest, everyone tries it once or twice, usage collapses once the novelty wears off. The difference is Pokémon Go actually made money. Sora is burning cash on every generation while users lose interest. The interesting signal is that kids are apparently rejecting AI-generated content outright. They skip it instantly, call it out, and move on. If the next generation sees AI content as the corporate-forced gimmick to avoid rather than the cool new thing to embrace, that has implications beyond one app's downloads. OpenAI is valued at $830 billion and just added ads to ChatGPT because subscriptions aren't covering the burn rate. Meanwhile their flashy video product is making less than a small elementary school's annual budget. The gap between valuation and revenue keeps getting harder to explain. Hedgie🤗