FILE PHOTO: The OpenAI logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
17 Jun 2026 07:43AM
June 16 : OpenAI burned through $3.7 billion in the first quarter of 2026, more than half its $5.7 billion in revenue, The Information reported on Tuesday, citing documents the company shared with shareholders.Reuters could not immediately verify the report.Earlier this month, OpenAI said it had confidentially filed for a U.S. IPO that a source said could come as early as September and value the company at up to $1 trillion.
Source: Reuters
