OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork
Briefly

One of the main points of concern regarding OpenAI's financial reports is whether it is acceptable for the company to exclude expenses associated with AI model training, which is foundational to its operations.
OpenAI's projected total losses of $44 billion from 2023 to 2028 have raised flags about its financial practices and the wisdom of excluding significant operational costs from its profit calculations.
A venture capitalist emphasized that not accounting for AI model training costs is 'a sign of hubris,' questioning OpenAI's transparency with its financial disclosures and its treatment of fundamental business expenses.
Experts have voiced serious concerns over OpenAI's financial practices, especially regarding the exclusion of AI model training costs in earnings reports, raising questions about the truthfulness of their profitability.
Read at Business Insider
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