OpenAI poured $34 billion into its operations last year in a push to cement its position at the top of the rapidly growing artificial intelligence industry, the Financial Times reported Monday.
According to audited financial figures cited in the report, the maker of ChatGPT directed roughly $19 billion toward research and development in 2024, while spending close to $6 billion on sales, marketing, and other operational costs.
The massive expenditure comes as the company prepares for a planned initial public offering, which would allow the public to buy shares in one of the most talked-about companies in the tech world.
