TLDR Tech / AI
An Inside Look at OpenAI and Anthropic's Finances Ahead of Their IPOs
OpenAI and Anthropic are racing toward potentially record-breaking IPOs by the end of the year. OpenAI expects to burn $85 billion in 2028. Anthropic doesn't expect to spend nearly as much, but its forecasts tell a similar story of mounting computing costs. There are no signs that the AI arms race is slowing down, with both companies releasing new versions of their models at a faster cadence than ever before. This article contains charts drawn from confidential financial documents that both companies shared with investors, offering a window into the economics of the two largest AI labs in the world.
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