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Benzinga
Benzinga
Business
Ananya Gairola

OpenAI Is Spending Billions To Stay Ahead In AI—But JPMorgan Warns This 'Vibe Spending' Could Push Investors To Their Limit

OpenAI JPMorgan JPM Nasdaq White House
OpenAI

ChatGPT-parent OpenAI may be leading the AI arms race, but its spending habits are raising eyebrows on Wall Street.

What Happened: In a rare note covering a private company on Friday, JPMorgan Chase & Co. (NYSE:JPM) analysts Brenda Duverce and Lula Sheena cautioned that OpenAI's aggressive spending on talent and R&D—what they dubbed "vibe spending"—could test investors' patience, reported Business Insider.

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