OpenAI Loss Rose Eightfold in 2025 as Costs Hit $34 Billion: FT

OpenAI’s net losses jumped eightfold after the ChatGPT maker spent more than $34 billion on research, marketing and other costs in 2025, the Financial Times reported, citing unidentified people familiar with the matter.

The US startup spent more than $19 billion on research and development and almost $6 billion on sales and marketing alone, the FT reported, citing numbers shared by an independent journalist that the people confirmed.

The outlay by OpenAI, which filed confidentially this month for an initial public offering, reflects the growing cost of safeguarding its lead in a hotly contested arena. Like its peers, OpenAI ...