OpenAI spent $3.7 billion in 1st quarter of 2026: Report

OpenAI spent $3.7 billion in the first quarter of 2026, which is more than half of the firm's $5.7 billion revenue, The Information reported, citing documents. The firm spent about $34 billion last year, a Financial Times report said. OpenAI confidentially filed for a US IPO earlier this month, and it is expected to be listed by September, Reuters reported.