After reading Financial Times and Ed Zitron's articles[0][1], I've reached the opposite conclusion. OpenAI's situation healthier than what the outsiders once believed:

> Revenue: $13.07 billion

> Cost of Revenue: $7.5 billion

In other words generating tokens is actually a profitable business even for the frontier models. It's best to IPO when it's the case.

[0]: https://www.ft.com/content/e15b0d7e-ff6b-4f16-ba7a-4068feddb... [1]: https://www.wheresyoured.at/exclusive-openai-financials/