ChatGPT developer

Insider: OpenAI expects to be in the red by 2029

According to a media report, ChatGPT inventor OpenAI is preparing to lose billions of dollars in the coming years. According to the report, the AI company is forecasting losses of up to 14 billion dollars by 2026.

This was reported by the Silicon Valley website "The Information", citing OpenAI's financial documents. The company initially had no comment.

According to the documents, OpenAI does not expect to make a profit until 2029. Turnover should then reach the 100 billion dollar mark. The high costs are likely to be the main reason for the red figures: OpenAI plans to spend more than 200 billion dollars by the end of the decade. Between 60 and 80 percent of annual expenditure is estimated to be spent on training and operating AI models.

OpenAI secured a fresh injection of money from investors at the beginning of October. A total of 6.6 billion dollars was raised in the financing round. OpenAI intends to use the money to expand its computer capacity and drive forward research into artificial intelligence, among other things. Previously, OpenAI was financed by a multi-billion dollar pact with Microsoft.