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Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion

By Alexis Dufresne Published September 16, 2026 at 12:12 UTC

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Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion

Shared on Bluesky by 2 AI experts

Ed Zitron @edzitron.com: Exclusive: I have seen OpenAI's audited financials for 2024 and 2025. In 2025, OpenAI had $13.07 billion in revenue and $34 billion in cos… →
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net: The problem is that the evidence for those improving unit economics is weak, while the evidence that they're faking their finances is *very*… →

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Original headline: Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion