Ludic 🧛

Zitron just reported that OpenAI lost $38.5 billion dollars in 2025:

https://www.wheresyoured.at/exclusive-openai-financials/

Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion

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Ed Zitron's Where's Your Ed At
Jun 16 at 5:02amWeb
Show threadc-x-b  Jun 16

@ludicity I don't think I've ever seen Zitron be that... plain about something.

Honestly kind of terrifying.

Show threadLudic 🧛Jun 16
@cxberger He didn't even text me to crow this morning, a tradition after every single post, which means the world is ending
Show threadThe Orange ThemeJun 16
@ludicity Maybe if they try hard, they can lose $100
billion! That's how the economy works now, right?
Show threadAndrew GoldingJun 16

@theorangetheme why are we setting our sights so low? Aim for the stars, go for one trillion in losses!

@ludicity

Show thread"Mediocre Bunny" EvelynJun 16
@ludicity
Okay, but hear me out:
Could we get rid of all the billionaires by assigning each of them full ownership of an AI company?
Show threadOtte Homan - remember GeordieJun 16
@ludicity we should describe this in "bird sites lost", eg "OpenAI lost 0.875 bird sites in 2025". This is not ecological advice.
Show threadBeccaJun 16
@ludicity that's good, right? 🤓
Show threadLudic 🧛Jun 16
@bweller The more money you lose, the gooder it is!
Show threadGanondalfJun 16

@ludicity

OpenAi: _rips receipt_

"Give this bill to the taxpayers at once."

Show threadarceuthobiumJun 16
@ludicity that means Sam Altman is running for president, no?
Show threadLudic 🧛Jun 16
@theothersimo please god no
Show threadJacques ChesterJun 16

@ludicity looks like, at a surface level, inference is bringing more revenue than cost of revenue. Will depend a lot on the details though - e.g. I expect a lot of the CoR will come from deeply discounted rented capacity. But we’re going to hear a lot of gloating about it being “profitable”.

I also don’t see the net income - operating income less depreciation/amortization and interest payments. I expect those will grow worse.

Hopefully we get to see the full GAAP trio soon

Show threadtuvJun 17
@jacques @ludicity I hear more and more about executives complaining about tokens being too expensive. If LLM companies can keep the cost of inference under control, they shouldn't have allowed these stories to happen
Show threadtuvJun 17
@ludicity Losing money with every customer is fine. We'll make it up in volume.