The Information: OpenAI may lose $5 billion this year and run out of cash within 12 months
According to a report by The Information, OpenAI may face losses of up to $5 billion in 2024 and may run out of cash within 12 months. The report states that OpenAI is expected to spend $7 billion on AI training and $1.5 billion on employee expenses, far exceeding its competitors. This could force the company to seek funding again within 12 months. OpenAI has completed 7 rounds of financing, totaling more than $11 billion. Meanwhile, the company is developing a new AI model called "Strawberry" with stronger reasoning capabilities. In addition, OpenAI is also facing potential investigations by the US Securities and Exchange Commission and questioning from US lawmakers about safety standards and hiring practices.
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