I'm personally interested in their growth rate more than anything else. I'm not a believer that AI can't be profitable and has no moat narrative that is popular here.
Both Altman and Dario have consistently said inference margins are high.
Agree, deeply interested in their books and then whatever report cadence we end up on next year.
I understand that a lot of people want to cash out, but I'm surprised they're ready to share, especially given I don't think they've had issues bringing in funding in the private markets, but maybe I'm wrong.
At one point (1.5 months ago) Bloomberg posted a piece saying the private market was apparently drying up for openai due to anthropic sucking all the oxygen out of the room.
OpenAI reported ~$20 billion annualized revenue for 2025, up from $6 billion the year before.
And that covers their model training and infrastructure costs?
each new model brings in revenue that is multiple times the cost to create said model
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exactly
I’m less interested in revenue and more interested in their operational costs
I'm personally interested in their growth rate more than anything else. I'm not a believer that AI can't be profitable and has no moat narrative that is popular here.
Both Altman and Dario have consistently said inference margins are high.
Agree, deeply interested in their books and then whatever report cadence we end up on next year.
I understand that a lot of people want to cash out, but I'm surprised they're ready to share, especially given I don't think they've had issues bringing in funding in the private markets, but maybe I'm wrong.
At one point (1.5 months ago) Bloomberg posted a piece saying the private market was apparently drying up for openai due to anthropic sucking all the oxygen out of the room.
https://www.bloomberg.com/news/articles/2026-04-01/openai-de...