OpenAI's Leaked 2025 Financials Show a $38.5B Loss Ahead of IPO
u1hcw9nx · hn · 2026-09-07
Leaked financials reported by Quartz reveal OpenAI lost $38.5 billion in 2025 ahead of a planned IPO, with revenue figures also exposed. It's the clearest look yet at the company's burn rate going public, fueling heated HN discussion over whether its valuation and commercial model can hold up.
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