AI / Business / OpenAI / Ziphu

OpenAI apparently has a 68% "compute margin" - we don't know how its Chinese rivals are doing

A leak shows the rawest of OpenAI's margins is looking strong, as two Chinese competitors prepare for IPO but keep their numbers close to their chests.

By Phillip de Wet

Dec 22, 2025 5:12 PM 2 min read

OpenAI apparently has a 68% "compute margin" - we don't know how its Chinese rivals are doing — Photo by Jamie Street on Unsplash

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Phillip de Wet

Phillip de Wet started in journalism as an honest B2B IT-sector reporter before straying into business, politics, and international affairs. He is currently in recovery, studying AI while writing about everything from hardware to infosec policy.