Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › OpenAI spending hit $34 billion last year ahead of...
Business & Finance

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
Channel News Asia Tuesday 16 June 2026, 03:41 UTC 1 min read
Key Points

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports June 15 : OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday. Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as other costs, the report said.

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports June 15 : OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday. Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as other costs, the report said. Source: Reuters
IPO (ORG) the Financial Times (ORG)
Originally published by Channel News Asia Read original →

Related Stories

Hong Kong poultry stall suspended for disinfection after bird flu trace detected

Hong Kong poultry stall suspended for disinfection after bird flu trace detected Shoppers say they are ‘not worried’ despite confirmation that two-year-old boy contracted H9N2 after visiting Wo Che Market in Sha Tin A poultry stall at a Hong Kong market has been disinfected after an environmental sample tested positive for the H9 bird flu virus, with shoppers remaining largely unfazed despite a recent infection involving a two-year-old boy. The affected stall, the only live poultry shop...

South China Morning Post 12m ago

Japan hikes interest rates to highest since 1995 to fight inflation from Iran war; Thames Water rescue in doubt – business live

Rolling coverage of the latest economic and financial newsThames Water has moved a step closer to nationalisation after government ministers reportedly formally objected to the £10bn rescue deal proposed by its creditors. According to The Times this morning, environment secretary Emma Reynolds has written to water regulator Ofwat this week to raise concerns about the plan for the struggling, indebted utility giant. Reynolds is understood to be concerned that the creditors’ offer for Thames...

The Guardian UK 20m ago

Bank of Japan raises its key interest rate to a three-decade high

The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices.

Euronews 22m ago

Kamrava: New Mideast Partnerships to Follow War

Jun 16th, 2026 Kamrava: New Mideast Partnerships to Follow War The US-Iran MOU may offer GCC countries some relief after months of conflict, but it has also exposed vulnerabilities including the reliability of US security guarantees. Mehran Kamrava, Professor of Government at Georgetown University Qatar spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the GCC’s response to the deal & the rebuild that lies ahead.

Bloomberg Markets 26m ago