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OpenAI told investors its adjusted operating margin improved to -109% from -150% in the prior quarter, according to documents viewed by The Wall Street Journal.
OpenAI did not immediately respond to a Reuters request for comment.
Meanwhile, the company’s operating losses widened to $10.9 billion from $10.1 billion, the WSJ report said.
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 that could value the AI startup at about $1.4 trillion. This underscores strong investor appetite for AI companies despite concerns over profitability.
The Claude chatbot creator has started a roadshow for the share sale, which is expected to set a benchmark for the sector after years of AI-driven investor enthusiasm fueled a flood of capital into the industry.
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https://economictimes.indiatimes.com/markets/us-stocks/news/openai-posts-steep-losses-even-as-quarterly-revenue-rises-to-10-billion-wsj-reports/articleshow/135722331.cms
