OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports
- OpenAI's quarterly revenue hit $10 billion for the first time in the three months ending in September, driven by strong demand for its latest artificial intelligence software.
- According to The Wall Street Journal, financial details shared with investors on Tuesday revealed OpenAI's operating losses widened to $10.9 billion from $10.1 billion.
- After slipping behind Anthropic PBC earlier this year, OpenAI regained momentum with competitive new models, aggressive price cuts, and AI agents to automate customer work.
- OpenAI is completing a new funding round at a $1.25 trillion valuation, having recently finalized an initial $11 billion portion of the investment.
- Rival Anthropic is targeting a $1.4 trillion valuation for its public listing later this month, while OpenAI has delayed its IPO plans until next year.
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39 Articles
OpenAI revenue jumps 50% to $10 billion, but heavy losses persist
OpenAI’s revenue climbed about 50% to $10 billion from the second to the third quarter, but heavy operating losses continued, The Wall Street Journal reported. Documents showed the company’s adjusted operating margin improved from minus 150% to minus 109%, even as adjusted losses edged up to $10.9 billion. Rival Anthropic reported $17 billion in third-quarter revenue and is preparing its IPO. The post OpenAI revenue jumps 50% to $10 billion, but…
In the third quarter, OpenAI's revenues increased by about 50 per cent, but the developer continues to incur significant operational losses, writing The Wall Street Journal. Between July and September, OpenAI's revenues increased to $10 billion compared to the second quarter. The company has improved its adjusted operating profitability, but is still far from profitability, transmitting The Wall Street Journal.openAI's latest financial results t…
The ChatGPT developer reports significantly more business, but continues to lag behind rival Anthropic. In view of massive investments, losses continue to grow.
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