OpenAI’s total expenditure last year reached $34 billion, with $19 billion spent on research and development to prepare for a trillion-dollar IPO.

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Crypto news, OpenAI last year's total expenditure reached $34 billion, with R&D costs accounting for $19 billion, and is actively accelerating preparations for a trillion-dollar IPO. Audited financial data shows that OpenAI's annual expenses surged in 2025, mainly due to building models, leasing data centers, and competing for top research talent. Sales, marketing, and administrative costs consumed nearly $6 billion. In 2025, OpenAI recorded $13 billion in revenue, with monthly revenue reaching $2 billion, a significant increase from the quarterly $1 billion scale at the end of 2024. The high investments led to net losses soaring from $5 billion in 2024 to approximately $39 billion in 2025, with the majority of the losses stemming from a roughly $30 billion non-cash accounting charge. OpenAI secretly submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) in early June, and the listing process is now in the countdown.
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ShatteredGlaze
· 4h ago
19 billion in R&D compared to 6 billion in marketing, at least the money is mainly invested in technology, not just selling concepts.
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BearMarketWithAHintOfOrange
· 4h ago
The SEC filings have all been submitted, the countdown to going public has begun, and once the financial reports are transparent, we'll see how they justify this loss.
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Post-RainCandlestickReflection
· 4h ago
Data center leasing and talent wars are so real right now. Everyone working on AI is fighting over GPUs and people, and the costs are just impossible to contain.
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BridgeHopster
· 4h ago
From losing 500 million to 39 billion, a 78-fold increase in one year—do investors dare to believe this IPO story?
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GateUser-b665e41c
· 4h ago
34 billion burned, 39 billion in losses, this accounting gives me a headache, can the IPO sustain the valuation?
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