OpenAI burned through $34 billion last year

OpenAI spent $34 billion in the past year, with $19 billion on R&D and $6 billion on sales and marketing, while generating $13 billion in revenue. The company's net loss jumped to $39 billion, largely due to a one-time $30 billion accounting charge, and it is preparing an IPO that could value it at over $1 trillion.

OpenAI burned through $34 billion last year OpenAI spent $34 billion in the past year, far more than the year before. That's according to independent journalist Ed Zitron https://www.wheresyoured.at/exclusive-openai-financials/ , whose figures were independently confirmed by the Financial Times https://www.ft.com/content/e15b0d7e-ff6b-4f16-ba7a-4068feddb828 . About $19 billion went to research and development, while nearly $6 billion went to sales and marketing. Revenue came in at roughly $13 billion. By year's end, monthly revenue hit $2 billion, up from $1 billion per quarter at the end of 2024. OpenAI's net loss jumped from $5 billion to around $39 billion. The Financial Times says most of that comes from a one-time, non-cash accounting charge of about $30 billion tied to the company's earlier corporate structure https://the-decoder.com/openai-and-microsoft-rewrite-their-deal-no-more-exclusivity-no-more-agi-clause/ . Strip that out, and the loss sits at roughly $8 billion. OpenAI is preparing an IPO that could value the company at more than $1 trillion https://the-decoder.com/openais-ipo-slips-as-altman-tells-staff-to-expect-a-public-offering-within-the-next-year/ . AI News Without the Hype – Curated by Humans Subscribe to THE DECODER for ad-free reading, a weekly AI newsletter, our exclusive "AI Radar" frontier report six times a year, full archive access, and access to our comment section. Subscribe now