According to PANews, OpenAI's business is costly and it could lose up to $5 billion in 2024, risking running out of cash within 12 months. The report said OpenAI will invest about $7 billion in artificial intelligence training and another $1.5 billion in staffing.

By comparison, Amazon-backed Anthropic projects a burn rate of $2.7 billion in 2024. OpenAI's high expenses may force it to complete another round of financing within 12 months to replenish its balance sheet.

OpenAI has completed seven rounds of funding, raising more than $11 billion, according to Tracxn.