OpenAI's Quarterly Revenue Hits $10B on Enterprise Push, Still Trails Anthropic

At a glance

OpenAI's revenue rose about 50 percent in the third quarter to $10 billion. Its adjusted operating loss still grew to $10.9 billion. Rival Anthropic earned $17 billion in the same period with a loss of just $567 million.

Key points

1. 1

   OpenAI's third-quarter revenue rose about 50 percent to $10 billion.

2. 2

   Its adjusted operating loss grew slightly, from $10.1 billion to $10.9 billion.

3. 3

   Anthropic's third-quarter revenue rose 47 percent to $17 billion, with a $567 million operating loss including stock compensation.

4. 4

   OpenAI is cutting prices on new models and putting more resources into its Codex coding tool to win enterprise customers.

Why it matters

It shows whether AI companies can grow revenue while shrinking losses, and which business models may hold up.

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• TechCrunchOpenAI’s quarterly revenue reportedly crosses $10B for the first time