OpenAI’s third-quarter revenue rose about 50% to US$10 billion, while the ChatGPT maker remained deeply unprofitable, according to a report.

Documents showed OpenAI’s adjusted operating margin improved to -109% from -150% in the prior quarter. At the same time, its operating loss widened to US$10.9 billion from US$10.1 billion.

The update comes as investors scrutinise AI companies’ finances despite substantial funding commitments. OpenAI raised US$110 billion in a funding round in February.

Meanwhile, Anthropic, a US-based AI startup behind the Claude chatbot, filed for an initial public offering. Some prospective buyers see Anthropic’s valuation as low as US$1.1 trillion.

🔗 Source: Bloomberg