#operating-losses

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#openai #ai-finance #compute-infrastructure #point32health #layoffs #medical-and-pharmaceutical-costs
Artificial intelligence
fromFortune
6 days ago

OpenAI says it plans to report stunning annual losses through 2028-and then turn wildly profitable just two years later | Fortune

OpenAI plans heavy upfront compute and data-center investment, accepting massive operating losses through the late 2020s while aiming for profitability by 2030.
fromBoston.com
3 weeks ago

State's second-largest health insurance company announces 250+ layoffs

Point32Health announced it is laying off 254 employees on Monday, its second round of reductions this year. The non-profit company said in a statement that the layoffs are part of an effort to reduce administrative costs as it continues to experience unprecedented increases in medical care and pharmaceutical costs. Point32Health also cut 110 jobs in March. The company has about 4,000 employees, it reports on its website.
Healthcare
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