The website The Information claims to have seen internal documents from OpenAI that assess the financial situation in the future.
Profit may not come until 2029, with annual revenue reaching $100 billion by then.
Before reaching that point, continuous losses are expected, with a projected loss of $14 billion in 2026, or three times that of 2024.
By 2029, the company may have accumulated losses of up to $44 billion.
One significant expense for OpenAI is distributing shares to employees.
At the end of September, the latest financial projections for 2024 suggest approximately $2 billion in revenue from ChatGPT subscriptions and another $1 billion from model sales, totaling $3.7 billion. However, the company faces high expenses, such as $7 billion for model training, $1.5 billion for employee salaries, resulting in an estimated loss of $5 billion.
Earlier this month, OpenAI just closed a new funding round, raising an additional $6.6 billion and securing another $4 billion in credit lines, in case the cash flow is insufficient. This should help sustain the company for some time.
Source: The Information, Windows Central
TLDR: Internal documents from OpenAI indicate significant financial challenges ahead, with projected losses before turning a profit by 2029. Recent funding rounds and credit lines aim to support the company’s operations.
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