Sam Altman · Anthropic · OpenAI · Wall Street · ChatGPT · CoinDesk
OpenAI trails Anthropic as losses deepen and Altman pauses frontier AI tuning
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OpenAI’s second-quarter revenue rose 18% from the previous quarter to $6.7 billion, but its operating loss, including stock-based compensation, widened from $9.3 billion to $12.3 billion, the Wall Street Journal (WSJ) reported on Tuesday.
Key facts
- OpenAI’s second-quarter revenue rose 18% from the previous quarter to $6.7 billion, but its operating loss, including stock-based compensation, widened from $9.3 billion to $12.3 billion, the Wall
- Meanwhile, rival Anthropic more than doubled its revenue to $11.6 billion, reported a small adjusted operating profit and overtaking OpenAI for the first time
- OpenAI’s relative slowdown was attributed to weaker ChatGPT growth in the WSJ’s report, price cuts, cautious corporate spending and competition from cheaper Chinese AI models
- OpenAI has responded by reshuffling senior leadership, expanding co-founder Greg Brockman’s operational role and unveiling a product that combines ChatGPT, Codex and web browsing
Summary
OpenAI’s quarterly revenue rose 18% to $6.7 billion, while its operating loss widened to $12.3 billion. Anthropic generated $11.6 billion and reported a small adjusted profit. CEO Sam Altman said OpenAI paused some frontier training because model capabilities were advancing faster than alignment, security and monitoring systems, adding that confidence in safety will increasingly determine the pace of progress. Meanwhile, rival Anthropic more than doubled its revenue to $11.6 billion, reported a small adjusted operating profit and overtaking OpenAI for the first time.