OpenAI lost $38.5 billion in 2025, more than revenue of TCS or Infosys
As per reports, OpenAI lost almost $39 billion last year alone. To put this into perspective, this figure is higher than the annual revenues of Indian IT giants like TCS or Infosys.
OpenAI is one of the biggest AI companies out there, alongside Anthropic. The Sam Altman-led firm has raised hundreds of billions of dollars in recent years, and soon is expected to file for an IPO that may make it a trillion-dollar company. But at the same time, OpenAI is losing money, and it is losing money fast. As per reports, the ChatGPT maker lost $38.5 billion last year alone. And this figure is so big that it surpasses the revenue of Indian IT giants.
As per a report from the Financial Times, OpenAI reported a loss of $38.5 billion in 2025. The ChatGPT maker reportedly spent $34 billion during the year as it poured money into research, infrastructure and hiring. This likely contributed to a massive increase in losses, up from the $5 billion incurred in 2024.
OpenAI losing more money than what Indian IT giants make?
This $38.5 billion loss is more than the annual revenue of major Indian IT giants in 2025. TCS, which recorded the highest revenue in history, only crossed $30 billion revenue – almost $9 billion less than what OpenaAI lost.
It was a similar story for other Indian IT majors. Infosys posted a revenue of $19.28 billion, while HCL Tech reported $13.84 billion. Wipro and Tech Mahindra had a revenue of $10.4 billion and $6.2 billion respectively. And keep in mind that this is revenue, not profit. The combined profit of the five Indian IT firms mentioned here stood at roughly $13 billion. That is, OpenAI was losing three times more money than the profit earned by these firms.
And in the first three months, OpenAI is said to have burned $3.7 billion, which is more than half its $5.7 billion revenue in the same period, as per The Information.
Do note that previously, OpenAI CEO Sam Altman has said that he is not bothered if the company is losing money. He said in 2024, “Whether we burn $500 million a year or $5 billion – or $50 billion a year – I don’t care, I genuinely don’t.” Altman claimed that he was willing to burn money to reach artificial general intelligence (AGI) – a state where AI can think like humans. Altman added, “As long as we can figure out a way to pay the bills, we’re making AGI. It’s going to be expensive.”
Despite the losses, OpenAI’s aggressive spending has been backed by investors keen to secure a stake in the AI industry’s future. Earlier this year, OpenAI raised $122 billion in funding at a valuation of $730 billion. The company is also set to go public with an IPO soon.
Anthropic too is fundraising aggressively as it prepares for an IPO. The Dario Amodei-led startup is currently valued at $965 billion. On the other hand, these IT majors have a valuation of around $250 billion combined. That is, two AI companies, one of which was started just five years ago, now have valuations multiple times that of Indian IT giants. With OpenAI and Anthropic expected to cross trillion dollar valuations when they go public.
OpenAI is one of the biggest AI companies out there, alongside Anthropic. The Sam Altman-led firm has raised hundreds of billions of dollars in recent years, and soon is expected to file for an IPO that may make it a trillion-dollar company. But at the same time, OpenAI is losing money, and it is losing money fast. As per reports, the ChatGPT maker lost $38.5 billion last year alone. And this figure is so big that it surpasses the revenue of Indian IT giants.
As per a report from the Financial Times, OpenAI reported a loss of $38.5 billion in 2025. The ChatGPT maker reportedly spent $34 billion during the year as it poured money into research, infrastructure and hiring. This likely contributed to a massive increase in losses, up from the $5 billion incurred in 2024.
OpenAI losing more money than what Indian IT giants make?
This $38.5 billion loss is more than the annual revenue of major Indian IT giants in 2025. TCS, which recorded the highest revenue in history, only crossed $30 billion revenue – almost $9 billion less than what OpenaAI lost.
It was a similar story for other Indian IT majors. Infosys posted a revenue of $19.28 billion, while HCL Tech reported $13.84 billion. Wipro and Tech Mahindra had a revenue of $10.4 billion and $6.2 billion respectively. And keep in mind that this is revenue, not profit. The combined profit of the five Indian IT firms mentioned here stood at roughly $13 billion. That is, OpenAI was losing three times more money than the profit earned by these firms.
And in the first three months, OpenAI is said to have burned $3.7 billion, which is more than half its $5.7 billion revenue in the same period, as per The Information.
Do note that previously, OpenAI CEO Sam Altman has said that he is not bothered if the company is losing money. He said in 2024, “Whether we burn $500 million a year or $5 billion – or $50 billion a year – I don’t care, I genuinely don’t.” Altman claimed that he was willing to burn money to reach artificial general intelligence (AGI) – a state where AI can think like humans. Altman added, “As long as we can figure out a way to pay the bills, we’re making AGI. It’s going to be expensive.”
Despite the losses, OpenAI’s aggressive spending has been backed by investors keen to secure a stake in the AI industry’s future. Earlier this year, OpenAI raised $122 billion in funding at a valuation of $730 billion. The company is also set to go public with an IPO soon.
Anthropic too is fundraising aggressively as it prepares for an IPO. The Dario Amodei-led startup is currently valued at $965 billion. On the other hand, these IT majors have a valuation of around $250 billion combined. That is, two AI companies, one of which was started just five years ago, now have valuations multiple times that of Indian IT giants. With OpenAI and Anthropic expected to cross trillion dollar valuations when they go public.
