> Privately held companies often disclose revenue figures if they are growing quickly, but keep the rest of their finances a secret because they often tell a far less impressive story. The approach is especially true for AI developers that don’t want to disclose the extraordinary rate at which they are burning cash. The Journal is reporting Anthropic’s base case projections, not its more optimistic forecasts.
> The Information earlier reported on some of the financial figures for both companies.
> The documents show that OpenAI expects to burn $9 billion after generating $13 billion in sales this year, while Anthropic expects to burn almost $3 billion on $4.2 billion in sales—roughly 70% of revenue for both.
https://archive.is/e7pg9 / https://www.wsj.com/tech/ai/openai-anthropic-profitability-e... (paywall)