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BCH $257.26 -0.42%
LINK $12.40 -1.98%
HYPE $85.25 +1.39%
AAVE $128.46 -2.13%
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XLM $0.1870 -1.32%
ZEC $1,183.55 +4.62%

Foreign media: It is expected that OpenAI's losses will reach $14 billion by 2026

2024-10-10 12:40:45

ChainCatcher news, OpenAI reported a loss of $340 million in the first half of 2024. OpenAI's projections indicate that the company will not achieve profitability until 2029, at which point its revenue is expected to reach $100 billion.

According to an analysis of data included in OpenAI's financial documents, before reaching this point, the company's losses could amount to as much as $14 billion by 2026, nearly three times this year's expected losses, with total losses from 2023 to 2028 projected to reach $44 billion. This estimate does not include stock-based compensation, which is one of OpenAI's largest expenses, even though it is not paid in cash.

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