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OpenAI Revenue Hits $10 Billion As Losses Mount

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OpenAI Revenue Hits $10 Billion As Losses Mount

OpenAI is reportedly saddled with heavy operating losses amid a surge in revenue.

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The company’s revenue increased by around 50% to $10 billion between the second quarter and the third, according to published reports on an investor presentation the artificial intelligence (AI) startup gave Tuesday (Nov. 10).

According to a report from The Information, OpenAI’s operating losses also grew between the two quarters, from $10.1 billion to $10.9 billion. The report, citing a source familiar with the matter, called this a sign of how the company continues to turn a profit from its “sprawling business model.” OpenAI’s adjusted operating margin improved from -150% to -109%.

The new numbers come as OpenAI rival Anthropic is preparing to undertake its highly-anticipated initial public offering (IPO) next week. That company recently revealed its revenue climbed to $17 billion in the third quarter, with an operating loss of $567 million.

A report by the WSJ noted that the figures show that although OpenAI’s revenue growth is accelerating, the company still has far to go to meet Anthropic’s sales and operating efficiency.

According to that report, OpenAI also told investors that ChatGPT’s paying customer base increased to about 100 million, or 8.5% of total weekly active users, up slightly from Q2.

OpenAI earlier this year introduced advertising on ChatGPT, which the company expects to boost margins, the WSJ said. However results for that segment of the business were unclear, the report added.


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