OpenAI spent $34 billion last year to dominate the booming ‌AI ⁠market ⁠ahead of its planned IPO, the Financial Times reported on Monday.

Audited ⁠financial figures ‌show the ChatGPT ⁠maker spent about $19 billion on research and development in 2025 and nearly $6 billion ‌on sales and marketing, as well ⁠as other costs, the report said.

(Reporting ​by Shivani Tanna in Bengaluru; Editing by Sonia Cheema)