OpenAI Raises All-Time Record Largest VC Round Ever, But Still Hemorrhaging Money Like Mad
Briefly

OpenAI's latest $6.6 billion venture capital round, the largest ever, contrasts starkly with its projected $5 billion loss for the year, highlighting its unprofitability.
The fundraising success raises questions about the AI industry's financial sustainability, as the majority of OpenAI's revenue comes from premium subscriptions, not technology licensing.
Despite the massive capital infusion, OpenAI's fairytale-like funding journey seems overshadowed by fundamental business concerns and dubious revenue projections.
This recent funding round greatly values OpenAI at $157 billion, yet raises doubts among traditional investors concerning its viability amidst expectations of significant losses.
Read at sfist.com
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