OpenAI

24 analyses · Latest

OpenAI's moves read as a company pushing on every front at once: distribution beyond Microsoft, ChatGPT as a context product, Codex as a work surface, and the trust and safety lines it is willing to draw — plus the numbers it finally showed the SEC. This page is the running timeline of where its strategy is actually going.

2026-06-20 openai

OpenAI's Leaked Audited Financials: Revenue Up 3.5x in a Year, Losses Locked In by R&D and Compute

Audited documents obtained by Ed Zitron and reviewed by the FT show OpenAI revenue rising from $3.7B in 2024 to $13.07B in 2025, while R&D alone cost $19.18B and operating losses widened to $20.92B. The real signal is not that losses exist. It is that the loss is structurally locked in by R&D and compute commitments. The question shifts from when OpenAI turns a profit to who keeps filling a roughly $20B annual gap before an IPO.

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2026-06-20 softbank

SoftBank Cashes Out of Boston Dynamics for $325M and Moves the Money Toward OpenAI

Per Reuters citing a Korean paper, SoftBank is exercising a put option from 2021 to sell its remaining roughly 9.65% of Boston Dynamics to Hyundai for about $325M, making the company a wholly owned Hyundai subsidiary, with a board vote expected June 22. The real signal is not that SoftBank has soured on humanoid robots. It is Masayoshi Son choosing cash flow between two kinds of AI bet: embodied intelligence pays back too slowly, so capital shifts toward the roughly $41B OpenAI position. The read for builders and founders is in the piece.

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