OpenAI Is Growing Fast and Burning Through Piles of Money

OpenAI’s monthly revenue hit $300 million in August, up 1,700 percent since the beginning of 2023, and the company expects about $3.7 billion in annual sales this year, according to financial documents reviewed by The New York Times. But it expects to lose roughly $5 billion this year after paying for costs related to running its services and other expenses according to an analysis by a financial professional who has also reviewed the documents.

Source: OpenAI Is Growing Fast and Burning Through Piles of Money

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