Pundit ClaimsAI claims by Gary Marcus and Ed Zitron, with the evidence

Ed Zitron Where's Your Ed At Published

Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion

We recorded 10 claims from this post. 8 were checked against evidence. 2 can’t be checked. 5 more are held. Read the post at its source.

Claims from this post (10)

In the order they appear in the post. Each quotation is the speaker’s words in this post. A label such as “Supported” or “Can’t be checked” is the claim’s current assessment; its page has the evidence and the reasons.

  1. Assessment: SupportedSaid

    “Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company.”

    What we tested: According to audited financial documents, OpenAI lost around $38.5 billion in 2025.

    What happened: The FT independently confirmed audited figures and reported the same attributable-loss measure at whole-billion precision. This corroborates the approximate claim, while not independently establishing the hundredth-billion figure given elsewhere in the post. (Financial Times, syndicated by Yahoo Finance, )

  2. Assessment: UnresolvedSaid

    “2024 — OpenAI Had $3.7 Billion In Revenue, $12.4 Billion In Costs and Expenses, and a net loss attributable to the company of $5.09 Billion.”

    What we tested: In 2024 OpenAI had $3.7 billion in revenue, about $12.4 billion in costs and expenses, and a net loss attributable to the company of $5.09 billion.

  3. Assessment: UnresolvedSaid

    “2025 — OpenAI Had $13.07 Billion In Revenue, $34 Billion In Costs and Expenses, and $20.92 Billion In Losses, with a net loss attributable to the company of $38.53 Billion”

    What we tested: In 2025 OpenAI had $13.07 billion in revenue, $34 billion in costs and expenses, a $20.92 billion operating loss, and a net loss attributable to the company of $38.53 billion.

  4. Assessment: UnresolvedSaid

    “Please note that 2025 was the year that OpenAI converted from a non-profit to a for-profit entity, leading to a $41.55 billion loss due to changes in fair value of convertible interests and warrant liability.”

    What we tested: OpenAI's 2025 conversion to a for-profit entity led to a $41.55 billion loss from changes in fair value of convertible interests and warrant liability.

  5. Assessment: UnresolvedSaid

    “Taking into account other minor factors like interest income and interest expense, OpenAI is left with a net loss of $60.35 billion, which it lowered to $38.53 billion by removing $17.87 billion in costs via that “net loss attributable to noncontrolling members capital” and another $3.95 billion via a “net loss attributable to redeemable noncontrolling interests.””

    What we tested: OpenAI's total 2025 net loss was $60.35 billion, reduced to $38.53 billion attributable to the company by attributing $17.87 billion and $3.95 billion to noncontrolling interests.

  6. Assessment: UnresolvedSaid

    “In 2025, SoftBank paid OpenAI $867 million. Microsoft paid it $303 million.”

    What we tested: In 2025 SoftBank paid OpenAI $867 million and Microsoft paid OpenAI $303 million.

  7. Assessment: Can’t be checkedSaid

    “We believe this most likely refers to the cost of training OpenAI’s models.”

    What we tested: OpenAI's $10.59 billion R&D payment to Microsoft in 2025 most likely reflects the cost of training OpenAI's models.

  8. Assessment: UnresolvedSaid

    “In the 2025 calendar year, OpenAI paid Microsoft $10.59 billion for “Research and development” expenses.”

    What we tested: In 2025 OpenAI paid Microsoft $10.59 billion for research and development expenses.

  9. Assessment: UnresolvedSaid

    “According to the figures, OpenAI had liabilities to Microsoft of $3.64 billion at the close of the calendar year, and additional $21 million in “accrued expenses and other current liabilities.””

    What we tested: At the end of 2025 OpenAI had $3.64 billion in liabilities to Microsoft plus $21 million in accrued expenses and other current liabilities.

  10. Assessment: Can’t be checkedSaid

    “Losses also appear to be mounting year-over-year at a dramatic rate, and I’m not sure how this company finds a way toward any kind of sustainability or profitability.”

    What we tested: The author doubts that OpenAI can find a path to sustainability or profitability.

Held from this post (5)

These records did not pass every check, so nothing about them is published. Held is not a finding.