OPENAI MADE $10 BILLION IN A QUARTER — AND STILL LOST $10.9 BILLION

OpenAI's revenue rose about 50% to $10 billion in the third quarter — its first quarter past the $10 billion mark — but the ChatGPT maker still posted steep operating losses, the Wall Street Journal reported from investor documents shared on November 10. The operating loss widened to $10.9 billion from $10.1 billion the previous quarter, even as the adjusted operating margin improved to -109% from -150%.

The bright spot, per CFO Sarah Friar, is enterprise: that business doubled quarter over quarter and now roughly matches consumer revenue. The contrast with its rival is stark — Anthropic disclosed third-quarter revenue of $17 billion with an operating loss of $567 million.