OpenAI is facing substantial losses while pursuing new capital and considering a public listing to fund its rapid growth. The Wall Street Journal reports a $12 billion loss last quarter, with a cash burn of $1.25 billion over the past two quarters. Nevertheless, CEO Sam Altman anticipates $13 billion in 2023 revenue, aiming for $100 billion by 2027. Competing AI firm Anthropic projects $70 billion in sales by 2028, with significant investments from Amazon and Alphabet. Anthropic’s CEO, Dario Amodei, expects the company’s revenue to reach $9 billion by year-end and $20-$26 billion next year, mainly from API sales. Both companies are heavily investing in R&D and infrastructure. OpenAI’s ventures include a partnership with SoftBank, launching a packaged AI solution in Japan. As competition escalates, the AI industry is poised for rapid evolution, with both firms striving to dominate the market. Investments carry risks; consult professionals before investing.
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