Openai 5 Billion Loss 3 7 Billion Revenue 2024
OpenAI expects $5 billion in losses on $3.7 billion in revenue for 2024, as reported by CNBC. This financial landscape sparked widespread discussion, reflecting on both the company’s challenges and its promising future growth. The reaction on Reddit highlights a blend of optimism, skepticism, and the complex economics driving the generative AI boom. Financials in Perspective Revenue: OpenAI hit $300 million in August, marking 1,700% growth since 2023. Next Year: The company expects $11.6 billion in revenue in 2025. Losses: Expected losses of $5 billion are tied to operational costs like salaries and massive infrastructure expenses. A popular sentiment was that losses in the tech industry are typical, with one user stating, “A tech headline as old as technology.” Another user added a humorous twist, saying “🎶 A tech as old as time 🎶.” These comments underscore that large initial losses are a familiar story in tech’s rapid expansion phases. ...