With gpt5 I’m not sure this is true. Certainly openAI is still losing money but if they stopped research and just focused on productionizing inference use cases I think they’d be profitable.
But would they be profitable enough? They've taken on more than $50 billion of investment.
I think it's relatively easy for Meta to plow billions into AI. Last quarter their revenue was something like $15 billion. Open AI will be lucky to generate that over the next year.