OpenAI vs. Anthropic—How Do the Financials of the "Strongest AI" Actually Look?

The AI arms race is reaching a fever pitch as OpenAI and Anthropic accelerate their sprint toward IPOs. However, a rare financial document reveals a harsh reality: OpenAI expects its computing expenditure to reach $121 billion by 2028, with a net loss of $85 billion that year—potentially setting a record for the largest loss in history—and break-even is not expected until 2030. Although Anthropic's annualized revenue has soared to $30 billion, it is similarly mired in a vortex of computing costs. With revenue and losses surging in tandem, the path to profitability remains long