Huan Qiu Wang·2025-11-02 23:25Core Viewpoint - OpenAI is projected to incur a significant loss of approximately $12 billion in a single quarter, marking one of the largest quarterly losses in tech history, primarily due to high costs associated with training AI models [1][3]. Financial Performance - Microsoft's financial report indicates that its equity investment in OpenAI resulted in a net profit reduction of $3.1 billion, suggesting OpenAI's net loss for the quarter could be around $11.5 billion, with actual losses potentially exceeding $12 billion [3]. - OpenAI's revenue for the first half of the year was reported at $4.3 billion, highlighting the stark contrast between its revenue and the projected losses [3]. Market Reaction - Following the announcement, Microsoft's stock price fell by 1.51%, reflecting market concerns regarding the widening gap between AI companies' growth and their expenditures [3]. - Major AI companies, including Amazon, Meta, and Microsoft, are collectively spending several hundred billion dollars annually on capital expenditures while continuing to expand [3].