OpenAI May Be in Major Trouble Financially
Since OpenAI unleashed ChatGPT on the world two and a half years ago, the company has operated at a substantial financial loss. Despite raising at least $60.9 billion in private funding since ChatGPT's public launch, OpenAI is leaking billions of dollars every year. In 2024, for example, the tech startup lost some $5 billion, per MSNBC. That doesn't seem to bother OpenAI insiders, though, who hope to be bringing in $125 billion in annual revenue by 2029. The gulf between OpenAI's ambitions and its actual financial health reflect what tech critic Ed Zitron calls the "subprime AI crisis." Playing off of […]
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https://futurism.com/openai-trouble-subprime