OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports

OpenAI told investors its adjusted operating margin improved to -109% from -150% in the prior quarter, according to documents viewed by The Wall Street Journal.

OpenAI did not immediately respond to a Reuters request for comment.

Meanwhile, the company's operating losses widened to $10.9 billion from $10.1 billion, the WSJ report said.

The disclosure comes at a time when investors are closely scrutinizing the finances of AI companies, including rival Anthropic as it prepares for an IPO that could value the AI startup at about $1.4 trillion. This underscores strong investor appetite for AI companies despite concerns over profitability.

The Claude chatbot creator has started a roadshow for the share sale, which is expected to set a benchmark for the sector after years of AI-driven investor enthusiasm fueled a flood of capital into the industry.