OpenAI's first-quarter cash expenditure was $3.7 billion, doubling year-over-year

Golden Finance reported that on June 17, it was reported that OpenAI burned through $3.7 billion in cash in the first quarter, which is more than half of its $5.7 billion revenue. Both cash burn and revenue increased by two times compared with the same period last year. At the end of the first quarter, OpenAI held more than $73 billion in cash and marketable securities, while it was $40 billion at the end of December last year. (Cailian Press)
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