It really is not the same. Amazon was not profitable because it was building out logistics, and then AWS data centers. There were defensible moats around their business that their growth facilitated. Google built out data centers and fiber, again tangible assets they had that competitors did not.
OpenAI's spending is mostly buying compute from other people. In other words, OpenAI's growth is paying for Microsoft's data centers. The only real asset OpenAI is building are their models. While they may be the best models available today it is unclear if that those any durable advantage since everyone in the industry is advancing very quickly, and it is unclear if they can really monetize effectively them without the infrastructure to run them.
OpenAI's spending is mostly buying compute from other people. In other words, OpenAI's growth is paying for Microsoft's data centers. The only real asset OpenAI is building are their models. While they may be the best models available today it is unclear if that those any durable advantage since everyone in the industry is advancing very quickly, and it is unclear if they can really monetize effectively them without the infrastructure to run them.