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.

Due to the seriousness of this story, I am not going to do very much editorializing, as the numbers speak for themselves.

It’s bullet points from here to the conclusion. Dry stuff, but important data as these idiots persevere in finding even larger idiots to give them money via IPO.