Microsoft-backed (MSFT) OpenAI spent about $34 billion in 2025 to expand research, infrastructure and talent ahead of a planned IPO, the Financial Times reported Tuesday, citing audited financial figures and people familiar with the matter.
According to the report, OpenAI spent about $19 billion on research and development and nearly $6 billion on sales and marketing in 2025, generating about $13 billion in revenue and reaching a $2 billion monthly revenue run rate by year-end.
OpenAI raised $122 billion earlier this year at a $730 billion valuation and recently confidentially filed for an IPO with the US Securities and Exchange Commission, the report added.
OpenAI didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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