In detail
- Total spend ~ $34bn: roughly $19bn on R&D and nearly $6bn on sales and marketing.
- Revenue around $13bn for the year; monthly revenue reached about $2bn by year‑end.
- Net loss rose from $5bn to around $39bn, chiefly due to a one‑time non‑cash accounting charge of about $30bn; excluding that charge, loss is roughly $8bn.
- OpenAI is preparing an IPO that could value the company above $1 trillion.
Why it matters
The figures reveal the heavy capital intensity of leading model providers and imply potential pressure on pricing, partnership terms, and service availability for customers and developers.
For you Monitor commercial terms from OpenAI and partners closely and model scenarios for price and availability risk in vendor contracts.