Documents reportedly shown to shareholders reveal that OpenAI expended $3.7 billion during the first quarter of 2026, a sum exceeding half of its $5.7 billion revenue for the period.
Earlier this month, OpenAI announced it had confidentially filed for an initial public offering (IPO) in the United States. According to sources, the IPO could occur as soon as September, potentially valuing the company at up to $1 trillion.
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