OpenAI CEO Sam Altman confirmed the company exceeds $13 billion in annual revenue but faced skepticism about its ability to fund significant spending commitments. He dismissed rumors of an imminent IPO, stating there's no set date but acknowledges it will happen eventually.

Leaked documents reveal OpenAI's spending on Microsoft Azure is much higher than previously reported, with expenses reaching over $8.7 billion in just nine months of 2025. Revenue figures also appear significantly lower than expected, raising concerns about the company's financial health and future sustainability.

This article reveals OpenAI's significant spending on inference through Microsoft Azure and details the complexities of their revenue-sharing agreement. The reported inference costs and revenues differ from previously stated figures, suggesting that OpenAI's financial situation may be more complicated than understood. The analysis challenges the accuracy of OpenAI's claimed revenues.