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[ARTICLE · art-37329] src=ft.com ↗ pub= topic=artificial-intelligence verified=true sentiment=· neutral

OpenAI spending hit $34B last year ahead of planned IPO

OpenAI spent $34 billion last year as it prepares for an initial public offering, according to a report. The spending spree underscores the high costs of developing advanced AI models. The planned IPO could value the company at over $100 billion.

read1 min views5 publishedJun 24, 2026

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source & further reading
ft.com — original article
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