CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.
Revenue is expected to jump to $11.6 billion next year, a source with knowledge of the matter confirmed.
OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion. OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The company generated $300 million in revenue last month, up 1,700% since the beginning of last year, and expects to bring in $11.6 billion in sales next year, according to a person close to OpenAI who asked not to be named because the numbers are confidential., is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC.
The Times, citing an analysis by a financial professional who reviewed OpenAI's 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. The costs don't include equity-based compensation,"among several large expenses not fully explained in the documents," the paper said.
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