OpenAI Continues to Suffer Heavy Losses as Revenue Rises to $10 Billion
The company improved its adjusted operating margin but remains far off from profitability.
OpenAI experienced a 50% revenue increase, reaching $10 billion between the second and third quarters, yet continued to operate at a loss. The company reported a higher operating loss of $10.9 billion, up slightly from $10.1 billion in the previous period, despite adjusting its operating margin from -150% to -109%. These financial figures were disclosed to investors on Tuesday, as Anthropic prepared for its IPO next week.
Anthropic revealed a $17 billion revenue and a $567 million loss in the same timeframe. OpenAI aims to compete with Anthropic in the lucrative enterprise AI market, having reduced the prices of its latest models to gain market share. The company recently appointed Dali Rajic as its new chief revenue officer to focus on this critical segment of sales.
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