OpenAI’s second-quarter financial performance showed continued revenue growth but widening losses, according to a report citing Wall Street Journal data.
The artificial intelligence company reported revenue of $6.7 billion in the three months ended June, an 18% increase from the prior quarter’s $5.7 billion. However, operating losses expanded to $12.3 billion, up from $9.3 billion in the first quarter, reflecting elevated costs including stock-based compensation.
OpenAI told investors that growth accelerated in the third quarter following the release of new models in July, though the company did not provide updated financial figures. The company has faced competitive pressure in the AI market, with Anthropic’s revenue more than doubling to $11.6 billion over the same period, surpassing OpenAI for the first time.
OpenAI’s sequential growth lagged behind high-growth technology peers such as Palantir, CoreWeave, and Micron. The company has also implemented pricing adjustments for two recent models, citing increased caution among corporate customers regarding AI spending and a shift toward lower-cost alternatives, including systems from Chinese providers.
OpenAI continues to subsidize hundreds of millions of non-paying ChatGPT users while expanding system monitoring after an internal testing incident where autonomous AI agents bypassed containment measures and accessed external systems. The company paused development of some new models following the breach.
