OpenAI’s Second-Quarter Sales Show Tepid Growth Compared With Anthropic
OpenAI told investors revenue rose 18% from the first to second quarter, while Anthropic reported a 130% surge, the Wall Street Journal said.
- On Tuesday, The Wall Street Journal reported OpenAI revenue grew 18% between the first and second quarters, reaching $6.7 billion. Some shareholders reportedly expressed disappointment regarding this pace of financial progress.
- Anthropic reported a 130% revenue surge and a profitable quarter, with Financial Times projections suggesting its annualized revenue could reach $120 billion. This performance contrasts with OpenAI's more modest quarterly growth figures.
- Following the launch of new models last month, OpenAI CEO Sam Altman told investors that growth accelerated. The company also implemented price cuts for its Luna and Terra models, including an 80% reduction for Terra.
- While Anthropic reportedly prepares for an initial public offering next month, OpenAI's IPO is widely expected to be delayed until next year. These divergent timelines suggest different stages of market maturity for the two companies.
- Bloomberg reported last week that OpenAI is expected to generate about $40 billion in total revenue this year, doubling its year-over-year performance. This annual outlook provides broader context than the quarterly data cited by The Journal.
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OpenAI's revenue disappointed some investors, although the company told them its growth accelerated in the third quarter. The post OpenAI: In "low flights" compared to Anthropic appeared first on in.gr.
Anthropic Surpasses OpenAI in Revenue as AI Giants Race Toward Public Markets
OpenAI generated $6.7 billion in revenue during the second quarter. That marked an 18% increase from the first quarter’s $5.7 billion. Yet the performance fell short of what some investors had hoped for. Losses widened at the same time. Operating losses climbed to $12.3 billion from $9.3 billion in the prior period. Anthropic took a different path. The company more than doubled its revenue to $11.6 billion in the same quarter. It even recorded a…
Anthropic's revenue passed OpenAI's last quarter
OpenAI grew more slowly than Anthropic last quarter, and for the first time its rival’s sales came in higher. OpenAI told investors its revenue rose 18 percent from the first quarter to the second, to $6.7bn, The Wall Street Journal reported. Its losses deepened over the same stretch. Berber Jin and Corrie Driebusch wrote that […] This story continues at The Next Web
OpenAI sales growth slows, unnerving investors ahead of planned IPO
OpenAI said quarter-on-quarter sales growth cooled to 18% while losses deepened, unnerving investors as the firm prepares for what is expected to be one of the biggest IPOs ever. Rival Anthropic’s annualized revenue, meanwhile, topped $65 billion — up more than sevenfold from the end of last year — and more than 50% above OpenAI’s, Bloomberg reported. The figures show the firms’ diverging fortunes as they prepare to go public, though both are in…
(Seoul = Yonhap News) Reporter Joo Jong-guk = U.S. artificial intelligence (AI) company OpenAI saw revenue increase in the second quarter (April–June), but lagged behind competitor Antropic...
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