OpenAI told investors that second-quarter revenue rose 18% from the first quarter to $6.7 billion, according to The Wall Street Journal. The company also said losses widened further. Operating margins declined as well, leaving little chance of turning profitable before an IPO. The report did not provide additional figures on the loss. It also did not say when an offering might take place.
OpenAI told investors that second-quarter revenue climbed 18% from the first quarter to $6.7 billion, according to The Wall Street Journal.
The company also said its losses widened further, while operating margins declined.
That leaves little prospect of OpenAI reaching profitability before an IPO.
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