In accordance with Forklog, leaked documents analyzed by tech blogger Ed Zitron reveal that OpenAI may still be spending more on inference than it earns. The documents provide insights into the AI startup's revenue and computational costs over the past two years. According to the data, Microsoft received $493.8 million from OpenAI in 2024, rising to $865.8 million in the first three quarters of 2025. OpenAI reportedly pays 20% of its revenue to Microsoft under a prior agreement, where the latter invested over $13 billion. The leaked data shows OpenAI spent approximately $3.8 billion on inference in 2024, rising to $8.65 billion in the first nine months of 2025. These figures suggest OpenAI may be spending more on processing user queries than it earns, fueling ongoing discussions about a potential AI sector bubble.
Leaked Documents Reveal OpenAI's Financial Struggles Despite Rising Revenue
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