OpenAI is absorbing heavy losses even as it pursues fresh capital and weighs a public listing to sustain its rapid expansion. The Wall Street Journal reports the company lost $12 billion last quarter, with an average cash burn of $1.25 billion over the past two quarters—figures that nearly mirror its net loss.
Despite the red ink, CEO Sam Altman expects $13 billion in revenue this year and targets $100 billion by 2027. Rival Anthropic, meanwhile, projects $70 billion in sales by 2028, positioning itself to surpass the ChatGPT maker in both revenue and cash flow.
