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OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.
OpenAI expects about $5 billion in losses this year, report says
OpenAI expects roughly $5 billion in losses this year, according to reports from The New York Times and CNBC. The company, which owns ChatGPT, had $3.7 billion in revenue this year and expects to increase revenue to over $11 billion next year,
OpenAI Suffers $5 Billion Annual Loss On $3.7 Billion In Revenue: Reports
The nonprofit artificial intelligence developer that created ChatGPT expects to lose about $5 billion this year as it seeks $7 billion in new funding to turn its core business into a for-profit corporation.
6h
on MSN
OpenAI’s Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
1d
OpenAI offers one investor a sweetener that no others are getting
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener ...
FINANCIAL SENSE
8h
OpenAI’s o1 Model: A Quantum Leap in AI Intelligence – Insights from Dr Alan D. Thompson
OpenAI's newest AI model, o1, released on September 12, 2024, has shattered expectations and redefined the landscape of ...
1d
on MSN
OpenAI was a research lab — now it’s just another tech company
I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman wrote. But it ...
2d
on MSN
OpenAI reportedly mulls $10B payday for Sam Altman as more top executives head for exits
A 7% stake in Microsoft-backed OpenAI could soon be worth a whopping $10.5 billion for Altman, who had not previously taken ...
In Depth
2d
In Depth
Exclusive: OpenAI to remove non-profit control and give Sam Altman equity
The company’s unusual structure, which gives full control of the for-profit subsidiary to the OpenAI nonprofit, was ...
1d
Is OpenAI Shifting It’s Focus To Profits?
When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to ...
2d
More OpenAI executives depart amid reports of for-profit restructuring
Two more OpenAI executives announced their departure from the artificial intelligence (AI) company Wednesday amid reports ...
1d
Apple no longer in talks to invest in OpenAI: report
Apple fell out of talks to invest in OpenAI's next funding round, which could raise as much as $6.5 billion, The Wall Street ...
3d
Why Is OpenAI Trying to Raise So Much Money?
The San Francisco A.I. start-up believes there is not enough computing power on Earth to build the artificial intelligence it ...
1d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
1d
Anthropic's comms chief mocks OpenAI after cofounder's bizarre tweet about jacuzzis and the Middle Ages
Anthropic's head of communications took a jab at an OpenAI cofounder after a confusing tweet and a wild week.
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