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Leaked financial documents reveal OpenAI incurred a $38.5 billion loss, highlighting massive compute expenditure.
Exclusive report reveals OpenAI's audited financials for 2024 and 2025, showing losses surged to $38.5 billion in 2025 as spending hit $34 billion, driven by massive R&D and conversion to for-profit entity.
Ed Zitron posts statistics on X about OpenAI's significant financial losses, questioning the company's ability to generate sufficient revenue.
xAI lost $6.4 billion in 2025 on $3.2 billion in revenue, and SpaceX's IPO filing reveals plans to scale Grok to trillions of parameters, requiring substantial additional compute spending.