OpenAI generated about 16% more revenue in the first half of 2025– at $4.3 billion– than it did a year ago, The Information reported on Monday, although the artificial intelligence major continued to burn large amounts of cash on its operations.
OpenAI burned $2.5 billion in cash in the first half, The Information report said, citing financial disclosures released to shareholders. The costs were largely associated with AI development and running the company’s flagship ChatGPT software.
OpenAI spent about $6.7 billion on research and development in the first half of the year, the report said. The start-up appears to be on track to meet its annual revenue target– $13 billion– and cash burn target of $8.5 billion.
The company has been courting several new, major investors to fund its AI ambitions, amid some disagreements with top backer Microsoft (NASDAQ:MSFT). Last week, AI major NVIDIA Corporation (NASDAQ:NVDA) said it will invest $100 million in OpenAI, while earlier this year, Japan’s SoftBank Group Corp. (TYO:9984) pledged tens of billions to the startup.
