Open AI: Burning cash and losing billions

Open AI expects to lose about $5 billion this year alone. Many stand-alone companies are still in the mode of proving an addressable and profitable market for their offerings.

To help convert itself into a for-profit venture, Open AI is now trying to raise some $6.5 billion to $7 billion in new capital, a process that might value the company at some $150 billion — "among the highest ever for a private tech company," the Times noted.

Read more from The Kansas City Star.