OpenAI is reportedly spending more than it's making, with anticipated losses of around $5 billion this year due to expenses such as running its AI models and paying employees. However, it expects $11.6 billion in revenue next year. The company also plans to launch an AI agent, codenamed “Operator,” in January, which can complete tasks on behalf of a user, including coding and booking travel.
Key takeaways:
- OpenAI is reportedly seeking an additional $1.5 billion investment from SoftBank, allowing employees to sell about $1.5 billion in shares to the Japanese investment firm.
- SoftBank's Vision 2 fund is working on the deal, which would increase its stake in OpenAI. SoftBank previously invested $500 million in OpenAI’s $6.6 billion funding round.
- OpenAI is reportedly spending more than it’s making, with an anticipated loss of around $5 billion this year due to expenses such as running its AI models and paying employees.
- OpenAI plans to launch an AI agent, codenamed “Operator,” in January, which can complete tasks on behalf of a user, including coding and booking travel.