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Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion
(www.wheresyoured.at)
this post was submitted on 16 Jun 2026
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Yes. Looks like they're still really not profitable, even if they stopped R&D; but only barely.
Of course, when tough times arrive, the difference between "barely sustainable" and "almost sustainable" can be everything.
("A few quick job cuts to make the numbers work" are often the harbinger of a spiral of cascading failures.)
Overall though, the numbers (minus the utterly stupid waste happening in R&D) look better than I would have guessed - for a product that still has no meaningful truly necessary outputs.
The thing is that R&D is their only chance, if they stop, open models will catch up. It will be the cloud owners making all the money at that point.
Right. I think the whole thing is still a fool's errand.
As soon as they can't monopolize all the days center wafers, they'll be trying to sell their proprietary models against scrappy little pop up businesses running open models at cut throat rates.
They may still make some money, but I don't think the billions tossed at all this are coming back to them.