OpenAI correct the accounting

Investment Analysis Clubs Macro Economic Trends and Risks
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Let’s look at the bit of accounting information we have here. Is it after renenues the company burned $2.5 billion? Does that mean expenses were $6.8 billion? I think so, but correct me if you know better. The rest of it is grandiose garbage. 20 nuclear reactors of clankers.

NYT Dealbook by Andrew Ross Sorkin

Putting OpenAI’s spending in context:

  • Deals with AMD, Nvidia, Oracle, CoreWeave and others promise to give the ChatGPT maker more than 20 gigawatts of computing power over the next decade, roughly equivalent to that of 20 nuclear reactors, The Financial Times calculates.

  • The electricity needed to support that compute could cost about $1 trillion, The FT adds.

  • OpenAI is valued at about $500 billion, generated about $4.3 billion in sales in the first half of the year, and burned $2.5 billion during that same time, The Information reported last month.

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