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Is running GPT-5 profitable?
* Gemini is doing 10^15 tokens per month
* Suppose OpenAI is 2x, that's ~0.8 billion per second
* B200 chip can prob output over 3000 tokens/sec
* So you need 310k B200s (at 80% util)
* At $2.5/hour, that's $560m/month
* Add 50% for staff etc, $840m/month
* OpenAI's revenue is $1.6bn/month
There's uncertainty, but it lines up with other estimates I've seen – running frontier models seems highly profitable.
OpenAI is only loss making because 70% of the compute is invested in developing GPT-6. The key question is whether those investments will pay off.
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