(Photo: Reuters/Dado Ruvic)
The OpenAI spent more than half of its revenue US$5.7 billion in the first quarter of 2026 (1Q26), according to information released by the website The Information.
According to the publication, which had access to leaked company documents, the company reported spending around US$3.7 billion on documents sent to its shareholders.
The numbers are bad: OpenAI converted to a for-profit company last year. This led to a loss of US$41.6 billion due to changes in the fair value of convertible interests and debt liabilities. warrants.
Even after billion-dollar investments from SoftBank and from Microsoft (MSFT)the company needed to burn cash to get operations off the ground and seek financing through an IPO.
Last week, the company submitted a confidential request for an initial public offering of shares in United States. The values and date of the IPO have not yet been disclosed, but the goal would be to obtain a valuation of up to US$1 trillion at debut, which should take place in September.
Ahead of a possible stock market listing, OpenAI seeks to revamp the ChatGPT to integrate coding tools and AI agents and increase revenue.
The company’s chief executive, Sam Altman, said in May that the company is not focused on time and that it will go public when it makes sense.
For now, OpenAI is undergoing a reorganization process, reallocating resources to serve more profitable corporate clients and intensifying competition with rival Anthropic.
*With information from Reuters, Financial Times and The Information.
*Supervised by Renan Sousa.
Source: www.moneytimes.com.br
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