SoftBank posts ¥1.1 trillion quarterly loss after US data center setback
The Japanese technology investor recorded a $3.7 billion loss tied to equipment spending for revised AI infrastructure projects.
OpenAI revenue reaches $10 billion as operating losses widen
The ChatGPT maker's adjusted operating margin improved to -109%, according to a media report citing investor documents.
OpenAI recorded $10 billion in third-quarter revenue, an increase of about 50%, while operating losses reached $10.9 billion, according to a November 10 media report. The losses widened from $10.1 billion despite the ChatGPT maker's revenue growth.
Documents shared with investors showed an adjusted operating margin of -109%, compared with -150% in the previous quarter, the report said. OpenAI did not immediately respond to a request for comment.
The financial disclosures come amid close investor scrutiny of artificial intelligence companies, including OpenAI rival Anthropic. The Claude chatbot developer is preparing for an initial public offering that could give it a valuation of about $1.4 trillion.
Anthropic has begun a roadshow for the planned share sale. The offering is expected to provide a benchmark for the sector, following years in which investor enthusiasm for AI brought a flood of capital into the industry.