Source: The American Prospect
by Ryan Cooper
“A perennial characteristic of Silicon Valley startup companies is that they lose a lot of money, at least at first. That’s what happened to Amazon, Uber, YouTube, etc. But to my knowledge, no tech company has ever burned more cash more quickly than OpenAI. In 2024, it lost about $5 billion; in the first half of 2025, it lost a reported $13.5 billion; and in the last quarter alone, it lost another $12 billion. For artificial intelligence to ever pencil out, some truly enormous revenue streams will be required — $2 trillion by 2030, according to Bain & Company. As the company at the center of the AI boom (along with Nvidia), OpenAI would represent a sizable chunk of that money. … OpenAI is getting ready to run hat in hand to the taxpayer for subsidies, like every great Ayn Randian self-created entrepreneur, pulling themselves up by their bootstraps.” (11/07/25)
https://prospect.org/2025/11/07/openai-maneuvering-for-government-bailout/