The Information: OpenAI may lose up to 5 billion dollars this year, cash may run out within 12 months

ChainCatcher news, The Information reported that OpenAI may face losses of up to $5 billion in 2024, potentially exhausting its cash within 12 months.

The report states that OpenAI is expected to spend $7 billion on AI training and $1.5 billion on employee expenses, far exceeding its competitors. This may force the company to seek additional funding within 12 months. OpenAI has completed 7 rounds of financing, totaling over $11 billion. Meanwhile, the company is developing a new AI model called "Strawberry," which has stronger reasoning capabilities.

Additionally, OpenAI is facing a potential investigation by the U.S. Securities and Exchange Commission, as well as scrutiny from U.S. lawmakers regarding safety standards and hiring practices.