OpenAI revenue grows to $10 billion but continues to face massive losses

From the second quarter to the third quarter, OpenAI's revenue grew by about 50% to $10 billion, but the company still reported a huge operating loss, indicating mixed results in its efforts to catch up with industry leader Anthropic. On Tuesday, the company disclosed its latest results to investors, while Anthropic is preparing for a highly anticipated IPO next week. Anthropic, the developer of Claude, recently disclosed that its third-quarter revenue had risen to $17 billion, and its operating loss for the quarter narrowed to $567 million. According to documents reviewed by the media, OpenAI told investors that from the second quarter to the third quarter, its adjusted operating margin improved from -150% to -109%. Nevertheless, based on these figures, the company's operating loss still rose slightly from $10.1 billion to $10.9 billion. In the lucrative enterprise market for AI products, OpenAI is accelerating its efforts to catch up with Anthropic and has lowered the pricing of its latest models to expand market share. The company recently appointed Dali Rajic as its new chief revenue officer to focus on this business segment. Currently, the enterprise market's share of OpenAI's overall sales is steadily rising.