perplexity.ai: “Both targon and baddreamer express strong skepticism about OpenAI’s reported $300 billion to $500 billion valuation, and their concerns align with many expert analyses as of 2025: the sky-high valuation is driven by investor hype, future expectations, and massive capital inflows from firms like Microsoft and SoftBank, more than by current profits or asset values.
While OpenAI is reporting extraordinary revenue growth ($12–$13 billion projected for 2025), it is also burning unprecedented amounts of cash — about $8 billion annually — and there is ongoing debate about whether practical, profitable enterprise AI applications justify such lofty valuations yet.”