OpenAI posts steep losses even as quarterly revenue rises to $10 billion
Detailed summary
OpenAI's quarterly revenue rose about 50% to $10 billion in the third quarter, but the ChatGPT maker continued to post steep operating losses, the Wall Stree ...
OpenAI told investors its adjusted operating margin improved to -109% from -150% in the prior quarter, while the company's operating losses widened to $10.9 billion from $10.1 billion
The disclosure comes at a time when investors are closely scrutinizing the finances of AI companies, including rival Anthropic as it prepares for an IPO. (File photo: Reuters)
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