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A comment on OpenAI raises less than half of $30B target. Parent comment

Re:OpenAI raises less than half of $30B target by lelanthran on Saturday October 31, 2026 @02:46AM (#50313805)
> From first principles I think youre right, but also Anthropic is making something like 80% margins.

I'm skeptical that they are operating at anything but a loss. 80% margins on a specific product (API) might still not cover the losses on the other products (Free tier, subscriptions) and their expenses (operating costs, training, research, etc).

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Re:OpenAI raises less than half of $30B target by barrkel on Saturday October 31, 2026 @10:15AM (#50316420)
Their S-1 says they're not operating at a loss. If they lied in the S-1, they'll go to jail for a decade or more.
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Re:OpenAI raises less than half of $30B target by desolate_muffin on Saturday October 31, 2026 @11:49AM (#50317273)
the jail bit seems exceedingly unlikely
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Re:OpenAI raises less than half of $30B target by disgruntledphd2 on Saturday October 31, 2026 @01:36PM (#50318184)
You should probably read the S1, they showed a mostly nominal loss due to accounting rules.

They have a lot of cash, but very few assets and a voracious hunger for renting compute.

Don't get me wrong, they make a fantastic model, but the business success is yet to be seen.

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Re:OpenAI raises less than half of $30B target by lelanthran on Saturday October 31, 2026 @04:41PM (#50319980)
> Their S-1 says they're not operating at a loss.

Where did you read this? I though it was a confidential filing (but I am open to receiving links to the S-1 that was filed).

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Re:OpenAI raises less than half of $30B target by gamblor956 on Saturday October 31, 2026 @11:05PM (#50322372)
If that was true their IPO would be oversubscribed, not floundering.
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