OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
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Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#2They know it is a scam, but it doesn’t matter as it is now too late.
That ship has sailed long ago into the IPO sunset.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#3They know it is a scam, but it doesn’t matter as it is now too late. That ship has sailed long ago into the IPO sunset.
That’s absurd. Why couldn’t it still fail, especially when their last raise was at 20x revenue or more? These numbers are horrendous.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#4Revenue went from $3.7B to $13.07B — roughly 3.5x.
Operating loss went from ~$8.8B to ~$20.9B — roughly 2.4x.
Doesn't seem like a domesday scenario.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#5Revenue went from $3.7B to $13.07B — roughly 3.5x. Operating loss went from ~$8.8B to ~$20.9B — roughly 2.4x. Doesn't seem like a domesday scenario.
> Doesn't seem like a domesday scenario
Ceteris paribus, those figures imply a $45bn loss this year, $90bn loss next year and $110bn loss in 2028 before breakeven in 2029.
That's $250bn of losses to be financed from 2026 onwards. (They raised ~$120bn, $25bn up front and the rest based on milestones. So Another ~$125bn uncovered.) That only works if OpenAI stays a fundraising darling. So not a doomsday sceanario. But perilous, and dependent on short-term trends extending into long-term curves.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#6Revenue went from $3.7B to $13.07B — roughly 3.5x. Operating loss went from ~$8.8B to ~$20.9B — roughly 2.4x. Doesn't seem like a domesday scenario.
This news matters because investors should prefer safer investments than: well at least it's not a "doomsday scenario" grade.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#7Revenue went from $3.7B to $13.07B — roughly 3.5x. Operating loss went from ~$8.8B to ~$20.9B — roughly 2.4x. Doesn't seem like a domesday scenario.
This news matters because investors should prefer safer investments than: well at least it's not a "doomsday scenario" grade.
Tell that to the SpaceX investors.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#8“I had a guaranteed military sale with ED 209, renovation program, spare parts for twenty-five years… Who cares if it worked or not?!?”
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#9Revenue went from $3.7B to $13.07B — roughly 3.5x. Operating loss went from ~$8.8B to ~$20.9B — roughly 2.4x. Doesn't seem like a domesday scenario.
just for completeness, I think the closer analogue is probably total expenses: $12.48 billion to $34 billion -- roughly 2.7x. But this is still pretty close to what you said, so I don't particularly disagree with the numbers.
I do wonder if this comparison is really meaningful. It looks like if they can grow infinitely, then at some point they should be profitable. However, that's already a somewhat sad story ("in the limit as x->inf, we'll actually _make_ money!"). And there are of course limitations. Anthropic, Google, open models etc are all real competitors, and it seems to me that there will only be one winner. If openAI is losing money faster than the others, then it may not survive long enough to reach that eventual profitability. And finally, the human population is limited. There isn't a true infinity that the pattern can extend to. If we've only reached 10% of the TAM that's fine, but if we're at like 70% (which personally I suspect is about right), then this looks bad.
Re: OpenAI Losses Increased Nearly 8X in 2025, with Spending Hitting $34B
#10“I had a guaranteed military sale with ED 209, renovation program, spare parts for twenty-five years… Who cares if it worked or not?!?”
It's possible that I'm just not up to date with current news, but I'm having trouble connecting this quote to the article. Or really even understanding the quote at all. Can you elaborate?