OpenAI told investors that its second-quarter revenue increased 18% from the first quarter, according to a Wall Street Journal report cited by BlockBeats. People familiar with the matter said the company generated $6.7 billion in revenue in the three months ended June, up from $5.7 billion in the first quarter. Despite the top-line growth, OpenAI’s losses continued to widen and its operating margin deteriorated further. The result reportedly left some shareholders disappointed, as they had expected the startup to make more progress in closing the gap with rival Anthropic. The report also said the path to profitability looks increasingly remote ahead of a closely watched IPO. The update highlights a gap between OpenAI’s rising revenue and the pressure on its profitability as investors focus on whether the company can turn scale into earnings.
OpenAI told investors that second-quarter revenue rose 18% from the first quarter, but losses widened further, according to The Wall Street Journal, as cited by BlockBeats.
People familiar with the matter said the company posted $6.7 billion in revenue in the three months ended June, compared with $5.7 billion in the first quarter.
At the same time, OpenAI’s operating margin declined further. The result disappointed some shareholders, who had hoped the startup would show more progress in catching up with rival Anthropic.
The report added that the company’s prospects for reaching profitability appear increasingly uncertain ahead of a much-anticipated IPO.
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