OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
Publishing timestamp: 2024-09-27 22:29:10
Summary
OpenAI expects $5 billion in losses on $3.7 billion in revenue this year, with revenue expected to jump to $11.6 billion next year. The company is pursuing a funding round that would value it at over $150 billion, with key departures and potential restructuring to a for-profit business. OpenAI's services have seen a surge in popularity since launching ChatGPT in late 2022.
Sentiment: MIXED
Keywords: breaking news: technology, technology, generative ai, nvidia corp, artificial intelligence, microsoft corp, business news, sam altman,