OpenAI posts steep losses even as quarterly revenue rises to $10 billion: Report
OpenAI told investors its adjusted operating margin improved to -109% from -150% in the prior quarter,
OpenAI reported a 50% rise in quarterly revenue to $10 billion, despite continuing to experience significant operating losses. According to documents obtained by The Wall Street Journal, OpenAI's adjusted operating margin worsened to -109% from -150% in the previous quarter. The company's operating losses expanded to $10.9 billion from $10.1 billion, but they did not provide further comment to Reuters.
This financial situation comes as investors closely examine the finances of AI companies, including Anthropic, which is preparing for an IPO that could value the startup at around $1.4 trillion. The company is currently conducting a roadshow for the share sale, aiming to set a benchmark for the sector despite ongoing concerns about profitability in the rapidly growing AI industry.
Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- TSMC to invest up to USD 1 billion in Anthropic, OpenAI economictimes.indiatimes.com
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- OpenAI Q3 revenue soars nearly 50% to US$10 billion straitstimes.com
- Source: OpenAI told investors on Tuesday that its revenue jumped 50% to around $10B in Q3, up from 17% growth in Q2 (The Information) theinformation.com
- OpenAI Q3 revenue climbs to $10b as costs remain high techinasia.com
- OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports channelnewsasia.com
- DeepSeek, other China AI firms have just 10% the revenue of OpenAI, Anthropic asia.nikkei.com
