OpenAI expects about $5 billion in losses this year, report says
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SUMMARY
OpenAI, the company behind ChatGPT, is expecting to incur losses of approximately $5 billion this year, according to reports from The New York Times and CNBC. The projected losses follow $3.7 billion in revenue for 2024, though the company anticipates an increase in revenue to over $11 billion in 2025. The reported losses are tied to general expenses, including salaries, rent, and operational costs. This week, several top executives left OpenAI as it moves toward restructuring into a for-profit public benefit corporation, shifting control away from a nonprofit board. Founder Sam Altman acknowledged the departures, describing them as amicable and expressing gratitude for their contributions. Additionally, OpenAI plans to raise the price of the paid version of ChatGPT by $2 before the end of the year.
