The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← OpenAI

Capital · out

~$8-9B net loss 2025 + phased compute drawdowns; planned spend ~$115B through 2029; cash-flow-positive projected 2029

med confidence · as of 2026-07-26 · about OpenAI

Sourced figures 2


the working

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to OpenAI.