OpenAI CEO Sam Altman emphasized the company’s commitment to prioritizing growth and investing in training and computing over immediate profitability. Despite a projected loss of $5 billion against $3.7 billion in revenue last year, OpenAI’s annual recurring revenue is set to exceed $20 billion this year. In a recent CNBC interview, following the release of the advanced GPT-5 model, Altman stated that the company would absorb losses as it continues to enhance its AI capabilities. GPT-5, now available to all users, is designed to be faster and more useful across various sectors, including writing, coding, and healthcare. OpenAI has also introduced lower-cost, open-weight language models for developers. With ongoing talks for a potential $500 billion stock sale, including support from Thrive Capital, Altman noted that the company prefers maintaining its private status, allowing more freedom in its investment strategies without public market pressures.
Source link
Share
Read more