OpenAI Nears $1 Trillion Valuation as AI Costs Reshape Business Model

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2026-04-23 08:39:01

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OpenAI's implied valuation has surged 163% since October 2025, now approaching $1 trillion ahead of a potential IPO. The race heats up as SpaceX targets $1.7 trillion and Anthropic closes in on the same threshold. What began as an open research initiative is now grappling with the harsh economics of generative AI—where every ChatGPT query costs $0.01-$0.10 and image generation runs $0.10-$0.20.

The computational burden falls heavily on Nvidia GPUs, with daily costs scaling exponentially as usage reaches billions of requests. This reality forced OpenAI to abandon its original non-profit ethos, mirroring the closed systems of tech giants like Google and Microsoft it once sought to counterbalance.

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