Edi Zitron has an exclusive report on OpenAI's 2025 finances:

The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I’m not sure how this company finds a way toward any kind of sustainability or profitability.

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[–] 34 points 3 months ago

It's almost as if scaling models infinitely for ever decreasing returns requires infinitely more power and data...

Who could have predicted this?! Aside from OpenAI in 2020 in a paper on AI Scaling Laws, and Deepmind who later corrected their math.

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