REDMOND, Wash. Microsoft (MSFT, Financial) -backed trailblazer OpenAI is expected to remain unprofitable until 2029, according to financial reports obtained by The Information. The report, released Wednesday, Oct. 9, highlights the massive investment and operational costs linked to OpenAI’s and its ongoing artificial intelligence (AI) development.
OpenAI, in which Microsoft holds a massive stake, is likely to incur losses of $14 billion by 2026, with total losses expected to shoot up from…
Read the full article here