Published 09/29/2024 6:13:00 p.m.

OpenAI expects about $5 billion in losses this year, report says

OpenAI expects approximately $5 billion in losses this year due to operational costs and employee salaries, excluding equity-based compensation and other expenses, as reported by The New York Times and CNBC.
Operational costs and office rent contribute to these losses, according to The New York Times.
The WSJ indicates that OpenAI's next funding round might be around $6.5 billion, potentially closing in early October.

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The Hindu

OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025

Thrive Capital invests $1 billion in OpenAI's $6.5 billion round, with potential for another $1 billion next year.

09/28/2024 6:39:22 a.m.·India

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CNBC

OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue

CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.

09/27/2024 10:29:10 p.m.·United States

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The Hill

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, The Times initially reported. The losses, according to The Times, relate to general…

09/29/2024 2:45:06 a.m.·Washington, United States

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Benzinga

OpenAI Plans To More Than Double ChatGPT Price Over Next 5 Years: Report

OpenAI, the company behind ChatGPT, will reportedly increase the chatbot’s price by 10% this year, and more than double it to $44 over the next five years. What Happened: Microsoft Corp.-backed (NASDAQ:MSFT) OpenAI has informed investors that its monthly revenue reached $300 million in August, a 1,700% increase since early 2023. The company projects annual sales of approximately $3.7 billion this year, reported the New York Times. Currently, Ope…

09/28/2024 1:48:46 a.m.·New York, United States

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