Summary:
OpenAI's revenue grew about 50% from the second quarter to the third quarter to $10 billion, but the company still reported a large operating loss, indicating mixed results in its efforts to catch up with industry leader Anthropic.
According to documents reviewed by the media, OpenAI told investors that its adjusted operating profit margin improved from -150% to -109% from the second quarter to the third quarter.
Still, the company's operating loss rose slightly to $10.9 billion from $10.1 billion, according to the data.
OpenAI is accelerating to catch up with Anthropic in the lucrative enterprise market for AI products and has lowered the pricing of its latest models to expand market share. The company recently appointed a new chief revenue officer, Dali Rajic, to focus on this business segment. At present, the proportion of the enterprise market in OpenAI's overall sales is steadily increasing.
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