Leaked OpenAI financials show $38.5B loss and compute burn
Leaked financial documents reveal that OpenAI incurred a $38.5 billion net loss in 2025 despite generating $13.07 billion in revenue. The figures highlight the massive capital expenditure required for AI compute as the company prepares for a potential public offering.
Why it matters
The massive losses underscore the sustainability risks of the current AI boom and the immense financial pressure on companies to achieve profitability before going public.
Audited documents viewed by Ed Zitron and verified by the FT show $13.07B in 2025 revenue and a $38.5B net loss attributable to OpenAI.
The article reports on leaked financial data using verified sources without taking a stance on the company's future viability.
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