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)