OpenAI's Losses Mount

OpenAI increased its third-quarter revenue by about 50% to $10 billion, but posted adjusted operating losses of $10.9 billion, up from $10.1 billion in the previous quarter, despite its operating margin improving from negative 150% to negative 109%. The company remains behind rival Anthropic, which generated $17 billion in revenue and recorded operating losses of $567 million over the same period. OpenAI’s losses exclude stock-based compensation, which rose to $2.6 billion.

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