OpenAI falls further behind Anthropic, with disappointing revenue growth and mounting losses
SiliconANGLE Mike Wheatley ● Covered by 4 sources
OpenAI reported $6.7 billion in Q2 revenue with 18% sequential growth but widening losses of $12.3 billion, falling behind rival Anthropic which posted $11.6 billion in revenue with $559 million operating profit. The company faces profitability challenges despite massive funding and scale, with higher costs outpacing revenue growth. OpenAI's financial struggles raise concerns about meeting contractual obligations and could affect major tech partners like Nvidia and Oracle that have built business models around the company's success.
Why it matters
OpenAI Group PBC is falling further behind its rival Anthropic PBC, if its latest financials are any indication. The artificial intelligence model maker told investors that its revenue rose 18% on a sequential basis, from the first to the second quarter, but it also grew its net losses. The numbers are likely to be hugely […] The post OpenAI falls further behind Anthropic, with disappointing revenue growth and mounting losses appeared first on SiliconANGLE.