Overview

• Recent monthly revenue topped $1 billion, with internal targets reported at $13 billion for full‑year 2025 and cash consumption of about $8.5 billion.
• The first half recorded a roughly $13.5 billion net loss that was largely affected by a convertible‑equity revaluation, alongside about $6.7 billion in R&D spending.
• OpenAI was reported to hold about $17.5 billion in cash and is pursuing roughly $30 billion in additional financing as it plans a major compute buildout.
• NVIDIA said it signed a letter of intent to provide equity tied to OpenAI’s data‑center capacity at $10 billion per gigawatt, up to $100 billion.
• A tender offer was reported at an approximately $500 billion valuation, with investors including SoftBank and Thrive Capital said to be competing to participate.