From Ed Zitron, and Where's Your Ed At we get a glimpse of the AI Insanity. Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion
The TL;DR is fairly simple. OpenAI lost $5.09 Billion In 2024. In 2025 that expanded to OpenAI losing $38.5 Billion. (And those numbers a bit sus.)
Please note that 2025 was the year that OpenAI converted from a non-profit to a for-profit entity, leading to a $41.55 billion loss due to changes in fair value of convertible interests and warrant liability.
Taking into account other minor factors like interest income and interest expense, OpenAI is left with a net loss of $60.35 billion, which it lowered to $38.53 billion by removing $17.87 billion in costs via that “net loss attributable to noncontrolling members capital” and another $3.95 billion via a “net loss attributable to redeemable noncontrolling interests.”
It's definitely not a bubble.
Hat tip to Pixy Misa at Ambient Irony: Daily News Stuff 18 June 2026: Yes, Glurge Edition
Thanks to careful cost-control, losses over the same period dropped from $5 billion in 2024 to $38.5 billion in 2025.
Oh.
Actually, before
fudgingadjustments the company's net loss for 2025 reached $60 billion.
Accounting is occasionally like magic.
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