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Is AI Profitable Yet?

isaiprofitable.com · 556 words · saved by 1 readers

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

All figures are estimated cumulative totals (all-time). Because most of these companies are private, the numbers aren't exact; they are built from leaked financials, SEC filings, earnings calls, and industry estimates from sources like Bloomberg, the WSJ, The Information, and Epoch AI — all referenced below. The punchline "everyone's broke" is intentionally punchy, and shouldn't be taken absolutely literally. The site includes both big tech infrastructure spend and pure lab spending, which is why companies like Amazon and Google show huge spend figures next to labs like OpenAI or Anthropic…

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