The Information: OpenAI may lose $5 billion this year and run out of cash within 12 months
Odaily2024/07/25 04:26
By:Odaily
Odaily News The Information reported that OpenAI could face losses of up to $5 billion in 2024 and could run out of cash within 12 months. The report said that OpenAI expects to spend $7 billion on AI training and $1.5 billion on employees, far more than its competitors. This could force the company to raise funds again within 12 months. OpenAI has completed seven rounds of financing, totaling more than $11 billion. At the same time, the company is developing a new AI model called Strawberry with stronger reasoning capabilities. In addition, OpenAI also faces potential investigations by the U.S. Securities and Exchange Commission and questions from U.S. lawmakers about safety standards and employment practices.
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