AI "burns money too fiercely"! OpenAI is expected to be unable to achieve profitability before 2029

Based on the company's financial documents obtained, OpenAI, supported by Microsoft, is expected to achieve annual profitability by 2029. These documents indicate that the company's annual losses could reach as high as $14 billion by 2026. Projections show that the company's annual revenue in 2029 will reach $100 billion. OpenAI also anticipates spending approximately $200 billion by the end of this decade, excluding stock compensation. The total losses from 2023 to 2028 are expected to reach $44 billion. A significant portion of OpenAI's expenses is attributed to the training of artificial intelligence models, with annual costs projected to reach $9.5 billion by 2026. According to the report, it is estimated that 60% to 80% of the company's expenditures exceeding $200 billion will be used for training and operating models. The report also reveals that Microsoft will extract a 20% share from OpenAI's revenue, a percentage higher than previously expected. Last week, OpenAI completed a latest round of financing totaling $6.6 billion, bringing the company's valuation to $157 billion. Both Microsoft and NVIDIA participated in this financing round