The Tech‑Reader AI Digest for Wed Jun 17 2026
The Tech‑Reader AI Digest Wednesday, June 17, 2026 #AI #TechNews #Digest Story 1: OpenAI's 2025 Financials Leak — $38.5 Billion Net Loss, $17.2 Billion Paid to Microsoft What happened: Audited financial documents for OpenAI's 2025 fiscal year were obtained by independent tech journalist Ed Zitron and independently verified by the Financial Times, providing the clearest public look at the company's books ahead of its anticipated IPO. The documents show OpenAI recorded $13.07 billion in revenue in 2025 — more than triple the $3.7 billion it posted in 2024, and ahead of its internal $10 billion target. Total costs and expenses reached $34 billion, producing an operating loss of $20.92 billion. After accounting for charges related to its 2025 conversion from a nonprofit to a for-profit entity — which generated a $41.55 billion non-cash loss tied to changes in the fair value of convertible interests and warrant liabilities — the net loss attributable to OpenAI came to $38.5...