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OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later | Fortune
The company anticipates burning through roughly $9 billion this year on $13 billion in sales, a cash burn rate of approximately 70% of revenue.
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forbes.com
Here’s How Much Cash OpenAI Is Burning On AI Video App Sora. What It Means
Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it’s making to power the AI slop factory.
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theguardian.com
Sam Altman’s bet: Can OpenAI’s profits keep pace with industry’s soaring costs?
As investor jitters grow, the loss-making ChatGPT firm’s vast spending commitments test the limits of Silicon Valley optimism
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fortune.com
OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later | Fortune
The company anticipates burning through roughly $9 billion this year on $13 billion in sales, a cash burn rate of approximately 70% of revenue.
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Anthropic says new $50B investment in data centers will create about 800 permanent jobs and 2,400 construction jobs | Fortune
The tech industry is moving forward investments to build energy-hungry AI infrastructure, despite bubble concerns.