MoneyThe story, in brief
OpenAI spending hit $34bn last year ahead of planned IPO
$34B. That's what OpenAI burned last year—and they're going public anyway.
The KeyNews take
Why it matters
OpenAI's audited spending reveals the true cost of frontier model development and infrastructure scaling. Ahead of an IPO, these numbers signal both the capital intensity of the AI race and investor confidence in eventual profitability.
The key facts
5 to knowOpenAI spending: $34B in FY2025
Costs driven by model development, infrastructure, and rapid expansion
Audited figures (not unverified claims)
IPO filing imminent
Spending trajectory suggests ongoing losses or break-even at scale
Go to the source
Financial Times Technologyft.com
Publisher excerpt: Audited figures reveal mounting costs from model development, infrastructure and rapid expansion