Bubble's gonna burst!
OpenAI generated US$4.3 billion in revenue in the first half of 2025, according to financial disclosures to shareholders.
The artificial intelligence firm reported a net loss of US$13.5 billion during the same period, with more than half attributed to the remeasurement of convertible interest rights.
Research and development expenses were its largest cost, totaling US$6.7 billion in the first half.
(OpenAI current valuation: $500Bn.)
https://www.techinasia.com/news/openais-revenue-rises-16-to-4-3b-in-h1-2025
I'm not sure #SEC of last few decades would have ever investigated this kind of #Investment #capitalism. Company #Stock #buybacks have became a major #marketplace #engine without any real scrutiny.