this post was submitted on 17 Jun 2026
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223
Leaked financial docs show OpenAI is losing billions of dollars a year (arstechnica.com)
submitted 7 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[โ€“] Not_mikey@slrpnk.net 1 points 1 hour ago (1 children)

Not really, tons of companies in silicon valley burn through billions in cash and never even reach $100M in revenue, much less 4x on billions in revenue, that's gotta be single digits in the amount of companies.

Snowflake in there prime when they had the largest IPO ever only got 50% yoy growth after $1b in revenue. 4x is insane

[โ€“] LodeMike@lemmy.today 2 points 1 hour ago

I wonder how much of that revenue is the circular contract bullshit. It's easy to move money around when you have so much of it.