Soundtrack: In Flames - Colony To further support my independent journalism, please subscribe to my premium newsletter. It’s $7 a month or $70 a year. If you’re subscribed to the free newsletter and logged in, you should see at the bottom right hand corner of your screen a little

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.

  • cybervseas@lemmy.worldEnglish
    3·
    4 days ago

    You definitely can invest more. Leverage is a thing, allowing a company to exceed its available assets for an investment they believe they can make even more money on.

    Highly leveraged companies (used to) be seen as risky. But we live in strange times and sophisticated investors don’t seem to care anymore …

    • Bananskal@nord.pubEnglish
      3·
      3 days ago

      I don’t get it. So, investors just pay with promises these days? Promises all the way along the chain? It’s like the industry is its own bank system.