Edi Zitron has an exclusive report on OpenAI’s 2025 finances:
The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I’m not sure how this company finds a way toward any kind of sustainability or profitability.


It’s almost as if scaling models infinitely for ever decreasing returns requires infinitely more power and data…
Who could have predicted this?! Aside from OpenAI in 2020 in a paper on AI Scaling Laws, and Deepmind who later corrected their math.