OpenAI is still figuring out how to make money, but wants you to believe in it

This week, OpenAI CFO Sarah Friar took to the internet to make a bold pitch for the company's future, which she claims is bright, despite what the current numbers say.

If you buy her logic, you must believe some things to be true, regardless of the poorly connected thread of logic that appears to hold them together. In what we can only assume is a pitch to soften up the market for more investment and possibly an IPO, Friar argues that one of the things people should believe about OpenAI is that the more money it spends, the more money it makes.

Running through the AI poster child's achievements over the last couple of years, Friar said that the business's compute grew 9.5x from 2023 to 2025 from 0.2 GW to around 1.9 GW. Meanwhile, "revenue followed the same curve" by growing 10x in ...