From Google: 2024-09-28 15:07:16

Microsoft-backed OpenAI reported a $5 billion loss in 2024. The firm’s revenue fell to $56 million from $93 million the previous year. OpenAI, famous for creating the GPT-3 language model, has raised $40 million in fresh capital. The company aims to become self-sustaining by 2025.

In 2024, Microsoft-backed OpenAI suffered a significant $5 billion loss. This came as the company’s revenue dropped from $93 million to $56 million. Despite the setback, OpenAI managed to secure $40 million in new funding. The firm is working towards financial independence by 2025, with a focus on innovation.



Read more at Google: Microsoft-backed OpenAI sees $5B loss in 2024 (NASDAQ:MSFT) – Seeking Alpha