PANews reported on July 25 that according to an analysis by The Information, OpenAI's business is costly and it could lose up to $5 billion in 2024, putting the company at risk of running out of cash within 12 months. The report cited previously undisclosed financial data and people familiar with the matter as saying that OpenAI will invest approximately $7 billion in artificial intelligence training alone and an additional $1.5 billion in staffing. This far exceeds the reported expenses of its competitors, such as Amazon-backed Anthropic, which expects a burn rate of $2.7 billion in 2024. The report said that OpenAI's high expenses may force the company to complete another round of financing within 12 months to replenish its balance sheet. According to Tracxn, OpenAI has completed seven rounds of financing and raised more than $11 billion.