OpenAI Faces $5 Billion Loss in 2024 Despite $3.7 Billion Revenue, Eyes Growth

OpenAI, the creator of ChatGPT, is expected to report a $5 billion loss this year on $3.7 billion in revenue. Despite the losses, the company forecasts a jump to $11.6 billion in sales next year. Backed by Microsoft, OpenAI is raising funds at a valuation over $150 billion, with investors like Thrive Capital and Tiger Global set to join. Recent leadership changes include the exit of technology chief Mira Murati. Operating costs, including salaries and infrastructure, are major contributors to the losses, according to reports.



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