According to Odaily Planet Daily, OpenAI burned $340 million in the first half of 2024. Forecasts show that the company will not be profitable until 2029, when revenue will reach $100 billion.

The company could lose as much as $14 billion by 2026, nearly three times what it expects to lose this year, according to an analysis of data from OpenAI’s financial filings. Total losses are expected to reach $44 billion between 2023 and 2028. The estimate does not include stock compensation, one of OpenAI’s biggest expenses, even though it is not paid in cash.