After Its Top Executives Left, OpenAI

Now Loses US$5 Billion This Year

Jakarta, CNBC Indonesia – OpenAI, the creator of the ChatGPT service, estimates a loss of around US$5 billion from US$3.7 billion in revenue this year.

Reported by CNBC International, OpenAI generated US$300 million in revenue last month, up 1,700% since the beginning of last year, and expects to generate US$11.6 billion in sales next year. This leak was revealed by someone close to OpenAI who asked not to be named because the figure is still confidential.

Previously, The New York Times reported on OpenAI’s financial loss on Friday (27/9/2024) after seeing company documents.

OpenAI, which is backed by Microsoft, is currently pursuing new funding that measures the value of this AI company has reached more than US$150 billion. Thrive Capital, which led the new funding round, plans to invest US$1 billion and Tiger Global is also planning to join.

OpenAI CFO Sarah Friar told investors in an email Thursday that the round was oversubscribed and will close next week. The announcement follows the departure of several executives at the company, most notably OpenAI Chief Technology Officer Mira Murati. Murati announced Wednesday that she was leaving OpenAI after six and a half years.

Also this week, news emerged that OpenAI’s board is considering a plan to restructure the company into a for-profit business. However, the company will keep its nonprofit segment as a separate entity, a person familiar with the matter told CNBC.

The structure would be more user-friendly for investors and make it easier for OpenAI employees to raise liquidity, the person said.

SOURCE : CNBC INDONESIA