This might be the most misunderstood chart in the field of artificial intelligence at present.

Everyone sees that OpenAI's revenue will exceed $200 billion by 2030 and considers it a "money-printing machine."

But the real story is darker and more interesting: computing costs and revenue are exploding simultaneously, free cash flow remains negative, and survival depends on continuous equity financing.

This isn't SaaS—it's an arms race. OpenAI is burning cash to buy time, scale, and model advantages—they're betting that whoever reaches "escape velocity" first will rewrite the economic landscape of the future.

The question in AI isn't "Who can make money?"

It's about who can endure the longest and the most losses... and still come out on top.