OpenAI loses thirty-eight point five billion but goes public

Published on June 18, 2026 | Translated from Spanish

OpenAI recorded losses of $38.5 billion in 2025, nearly eight times more than the previous year. However, the company plans to go public. Most of that hole is technical, stemming from its conversion to a for-profit company, not from its actual operations. For the average person, this means the company is spending enormous amounts on infrastructure, which could translate into more expensive artificial intelligence services.

OpenAI headquarters building rendered as a transparent financial document, massive red loss arrow of 38.5 billion dollars piercing through the structure while servers and GPU racks float upward, conversion process shown as corporate legal papers transforming into a stock exchange ticker, technical infrastructure costs visualized as glowing circuits consuming cash stacks, cinematic technical illustration style, dramatic shadow and light contrast, photorealistic architectural render with financial data visualization elements, ultra-detailed electronic components inside the building cross-section, cool blue and intense red color palette, high-contrast industrial lighting

The Real Cost of Scaling Artificial Intelligence 💸

Behind the astronomical figures lies a clear strategy: burn capital to secure market dominance. Most of the spending goes to servers, chips, and data centers. Although revenue is growing quickly, profitability remains a mirage. Investors are betting that OpenAI will capture future demand, but the business model depends on reducing operating costs without losing model accuracy. A fragile balance.

Losing $38 Billion and No One Cares 🤷

If any ordinary company lost $38.5 billion in a year, banks would be knocking on its door with an eviction notice. But since it's OpenAI, investors see it as a marketing expense. It's like going to a dinner, ordering the most expensive menu, paying with a card, and the waiter saying: don't worry, we'll pass the bill to the future. Meanwhile, we'll pay the subscription so ChatGPT can write us a poem.