An inside look at OpenAI and Anthropic’s finances ahead of their IPOs
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WALL STREET JOURNAL — An inside look at the financials of both companies prior to funding rounds completed earlier this year shows their Achilles’ heel: the soaring costs needed to train new artificial intelligence models.
OpenAI expects to spend $121 billion on computing power for AI research in 2028. That means the company anticipates burning $85 billion that year even after almost doubling sales from the prior year. Such losses would dwarf those of virtually any other public company in history. Anthropic doesn’t expect to spend nearly as much, but its rosiest forecasts tell a similar story of mounting computing costs.
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