AI & Tech
OpenAI Burned 20.9 Billion Dollars in 2025 According to Audited Financials
Tom Bilyeu Impact Theory
The AI Debt Bomb Is Already Hiding In Your Retirement Account — We Had To React
"OpenAI burned $20.9 billion in 2025, and that's the audited financials that the FT and I reported. And the problem with these companies is their margins are getting worse, and they actually— their costs increase linearly with their revenues. There is no proof that they can improve their margins."
Tech journalist Ed Zitron revealed that OpenAI's audited financials show the company burned through $20.9 billion in 2025, with margins deteriorating as costs scale linearly with revenue. Zitron argues there is no evidence these AI companies can improve their unit economics, comparing the situation unfavorably even to WeWork's collapse. The disclosure highlights the massive cash burn rates across the AI industry despite growing revenues.
From this episode
Tom Bilyeu Impact Theory