Is AI Profitable Yet?
Is AI Profitable Yet? TRACKING THE SPEND AND REVENUE OF FRONTIER AI COMPANIES (JULY 2026). NO. EVERYONE'S BROKE. $1.5T TOTAL INDUSTRY SPEND $769B TOTAL INDUSTRY REVENUE $50.2M SPENT SINCE PAGE LOAD PNL↓ % PNL Revenue Spend A-Z Hide Infrastructure Company • Total Spend on AI • Total Revenue from AI Cumulative PNL Amazon Full AI capex est. since 2022 $331.1B $22B -$309.1B lost since page load -$9.7M Alphabet (Google) Full AI capex est. since 2022 $302.8B $25B -$277.8B lost since page load -$8.6M Meta Full AI capex est. since 2022 $238B $3B -$235B lost since page load -$7.9M Microsoft Full AI capex est. since 2022 $256B $31B -$225B lost since page load -$8.5M Oracle Capex est. since 2023 $92B $45B -$47B lost since page load -$1.7M OpenAI Cumulative est. since 2020 $62B $26.7B -$35.3B lost since page load -$781K xAI Cumulative est. since 2023 $20B $7.4B -$12.6B lost since page load -$669K Anthropic Cumulative est. since 2021 $33B $22B -$11B lost since page load -$485K Mistral AI Cumulative
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