OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
Summary
OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC. OpenAI CFO Sarah Friar told investors in an email Thursday that the funding round is oversubscribed and will close by next week. Her note followed a number of key departures, most notably technology chief Mira Murati, who announced the previous day that she was leaving OpenAI after six and a half years. The company sells subscriptions to various tools and licenses its GPT family of large language models, which are powering much of the generative AI boom. The Times, citing an analysis by a financial professional who reviewed OpenAIs documents, reported that the roughly $5 billion in loses this year are tied to costs for running its services as well as employee salaries and office rent.
Classifications
AskAI Classifications
LabelsLinked Companies
