Radar Telegram alerts Open Radar

OpenAI continues to suffer losses despite revenue growth.

תרגם לעברית

IF News · Markets · · Source

OpenAI continues to suffer losses despite revenue growth.

OpenAI continues to suffer losses despite revenue growth.

According to the WSJ, in the period between the second quarter and the third quarter, the artificial intelligence giant's revenue increased by 1.5 times to $10 billion, but operating losses still cover the revenue. the main competitor. Entropy - things are significantly better in reporting.

With revenue of $10 billion, OpenAI reported an increase in adjusted operating loss from $10.1 billion to $10.9 billion. At the same time, the operating loss of the entrepreneur Claude has already decreased to 567 million with revenues of 17 billion.

The company chose a dumping strategy. In an attempt to gain market share from Cloud, OpenAI has lowered the prices of its latest models for enterprise customers.

The company is preparing for an IPO next year and hopes that by then it will regain its lead in the race to be the leader in the field of artificial intelligence.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram