In Silicon Valley, OpenAI has embarked on a highly ambitious and capital - heavy expansion drive. It's pouring in annual investments amounting to tens of billions of dollars, even as it finds itself deeply mired in losses. Over the past nine months, the company has been on a contract - signing and investment spree. It has inked numerous large - scale contracts and made significant investments, taking on obligations worth hundreds of billions of dollars over the next ten years. In the process, it has also propelled the valuations of its partners to new heights.

Despite forecasting revenue of $13 billion for this year, OpenAI is still racking up annual losses in the billions of dollars. This financial situation is expected to drag on for several more years. CEO Altman has revealed that the company is looking forward to achieving its first profit in 2029. He also mentioned that revenue is projected to triple this year, with the aim of hitting $100 billion in sales by 2028 and soaring past $200 billion by 2030.

However, turning the AI buzz into tangible profits is no easy feat. The paid subscription rate for ChatGPT remains relatively low, and users' long - term willingness to shell out money for the service is quite limited. Despite these hurdles, Altman and investors are brimming with optimism. They firmly believe in the enormous long - term potential of AI and are confident that growth won't hit a dead end.