{"slug": "openai-spending-hit-34b-last-year-ahead-of-planned-ipo", "title": "OpenAI spending hit $34B last year ahead of planned IPO", "summary": "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.", "body_md": "# Security Verification\n\nFor help please visit [help.ft.com](https://help.ft.com). We\napologise for any inconvenience.\n\nThe following information can help our support team to resolve this issue.\n\n- Reason\n- Challenge\n- Request ID\n- a1096b194bcee7ae\n- Status Code\n- 403\n\nFor help please visit [help.ft.com](https://help.ft.com). We\napologise for any inconvenience.\n\nThe following information can help our support team to resolve this issue.", "url": "https://wpnews.pro/news/openai-spending-hit-34b-last-year-ahead-of-planned-ipo", "canonical_source": "https://www.ft.com/content/e15b0d7e-ff6b-4f16-ba7a-4068feddb828", "published_at": "2026-06-24 05:13:53+00:00", "updated_at": "2026-06-24 05:44:04.798506+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-research", "ai-products", "ai-infrastructure"], "entities": ["OpenAI"], "alternates": {"html": "https://wpnews.pro/news/openai-spending-hit-34b-last-year-ahead-of-planned-ipo", "markdown": "https://wpnews.pro/news/openai-spending-hit-34b-last-year-ahead-of-planned-ipo.md", "text": "https://wpnews.pro/news/openai-spending-hit-34b-last-year-ahead-of-planned-ipo.txt", "jsonld": "https://wpnews.pro/news/openai-spending-hit-34b-last-year-ahead-of-planned-ipo.jsonld"}}