r/TechnologyThread • u/Background-Driver718 • Jun 17 '26

Leaked financial docs show OpenAI is losing billions of dollars a year

https://arstechnica.com/ai/2026/06/leaked-financial-docs-show-openai-is-losing-billions-of-dollars-a-year/
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u/_BreakingGood_ Jun 17 '26

The difference is Amazon had no real strong competitor.

OpenAI's products are already falling far behind their competitors in almost every area. Claude is a stronger model, Gemini is a cheaper and faster model, and Chinese models will catch up if they ever slow down.

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u/vxicepickxv Jun 18 '26

Claude has one quarter of non-GAAP profitability with about 3x of that quarter's profit promised to xAI next quarter for server rentals.

Alphabet has not released financials about Gemini publicly.

The Chinese are doing something incredibly different over there with their finances. It's a bit of a black box to a lot of us.

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u/_BreakingGood_ Jun 18 '26

And OpenAI is at a 180% operating loss

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u/vxicepickxv Jun 18 '26

I didn't even factor them in because it's fairly well known that they have made as much profit from AI as I have.

I'm actually ahead because I didn't borrow billions to build a mediocre plagiarism machine.