OpenAI’s quarterly revenue reportedly crosses $10B for the first time
OpenAI is bouncing back from the doldrums it experienced earlier this year. The company’s quarterly revenue crossed $10 billion for the first time, thanks to strong demand for its recent AI models, Bloomberg reported, citing anonymous sources.
If true, that would represent an almost 50% jump from the $6.7 billion in sales the company reportedly recorded in the second quarter. That would also mark a sizable increase in its revenue growth rate, which was previously said to be about 18% between the first and second quarters of the year.
OpenAI’s profitability picture also appears to have improved, with its adjusted operating margin narrowing from -150% in the second quarter to -109% in the third quarter, the report said.
OpenAI, one of the first to commercialize AI models, wasn’t exactly struggling to continue growing its top-line expansion — 18% growth on top of $5.7 billion in quarterly revenue is massive by...
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