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Edi Zitron has an exclusive report on OpenAI’s 2025 finances:

The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I’m not sure how this company finds a way toward any kind of sustainability or profitability.

  • Guy Ingonito@reddthat.com
    13·
    2 days ago

    This is not how accounting works, you want your companies to lose money on changes in warrant liability fair value, it’s a non-cash expense and the alternative (making money on it) is way WAY worse.

    You also want your bank to lose money on credit valuation adjustments in their CDS portfolio!