Whatever the sales department failed to create a market for.

It is always possible that dev team did all the code right, good product and still marketing failed or sales didn’t execute for plethora of reasons.

It may have been “good”, but I don’t see how it was “valuable”.

(I also think this is fairly common.)

Like OpenAI is losing money on each user - isn’t it valuable or is it?

If they close tomorrow because of lack of new funding would you say whatever they created wasn’t valuable?

Are you suggesting/implying that OpenAI lacks product-market fit?

I think they found a market for their product, making what they did valuable. That can still lose money for a time, and even maybe run out of money, but what they have is valuable to my mind.