OpenAI’s Q1 cash burn hits $3.7 billion as it readies for IPO (opens in new tab)

OpenAI burned through an estimated $3.7 billion in cash during the first quarter of 2026, even as revenue rose to $5.7 billion, according to a report by The Information citing investor documents.Both revenue and cash burn of the ChatGPT maker nearly tripled compared with the same period last year, underscoring the massive costs associated with developing and operating advanced artificial intelligence models.The report said OpenAI's cash and marketable securities increased to more than $73 bil...