OpenAI expects its 2026 loss to reach $14 billion

On October 10th, according to The Information: OpenAI will burn $340 million in the first half of 2024. OpenAI's forecast shows that the company will not be profitable until 2029, when its revenue will reach $100 billion. Before reaching that point, the company could lose as much as $14 billion by 2026, almost triple the expected loss this year, according to an analysis of data contained in OpenAI's financial filings. The estimate does not include stock compensation, which is one of OpenAI's largest expenses, although it is not paid in cash.