OpenAI Burned $3.7 Billion in Q1 on $5.7 Billion Revenue, Docs Show

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OpenAI burned $3.7 billion in the first quarter while generating $5.7 billion in revenue, according to documents cited by The Information. The documents showed the company ended March with more than $73 billion in cash and marketable securities, up from about $40 billion at the end of December.

The cash balance gives OpenAI room to keep spending, though its path to profitability is likely to face heavier scrutiny ahead of an IPO.

From the sources (3 posts)

@erinkwoo

RT @Techmeme: Docs: OpenAI burned through $3.7B in Q1, on revenue of $5.7B, and ended the quarter with $73B+ in cash and marketable securit…

@techmeme

Docs: OpenAI burned through $3.7B in Q1, on revenue of $5.7B, and ended the quarter with $73B+ in cash and marketable securities vs. $40B at the end of December (@erinkwoo / The Information) (Visit Techmeme dot com for the link and full co

@theinformation

OpenAI burned $3.7 billion in the first quarter while generating $5.7 billion in revenue. Its cash pile gives it breathing room, but its path to profitability will face heavy scrutiny ahead of an IPO. Read more:

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