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John Henry has won

2026-06-19 18:09:29.524454+02 by Dan Lyke 0 comments

Dan Davies — Tokenalysys and John Henry looks at Ed Zitron's note on OpenAI losses:

Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company.

and notes that:

And, of course, this is just for coding – the idea of making material use of AI for general management and governance is several generations of R&D, plus several multiples more token use intensity. It seems to me that we are quite a lot of unknowable technical advances (in model design, renewable energy availability, quite possibly orbital data centres) away from anything like this being possible. And that there is a very difficult business strategy problem of getting there, because the AI companies now have to manage their pricing to walk the tightrope between growth and cash burn.

Via.

[ related topics: Language Software Engineering Graphic Design Artificial Intelligence ]

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