GoKawiilOpenAI's quarterly operating losses reach $10.9 billion
OpenAI told investors its third-quarter operating losses hit $10.9 billion, up from $10.1 billion in the prior quarter, despite revenue growing roughly 50 percent quarter over quarter, according to The Wall Street Journal. The revenue gain was helped partly by ads the company began running on ChatGPT in February, a reversal of CEO Sam Altman's earlier stance against the practice, with OpenAI saying in August its ad business was on pace for $1 billion annually.
GoKawiil's interpretation of the reporting above, not reported fact.
The widening losses alongside rapid revenue growth underscore how far OpenAI remains from profitability despite its scale, which could raise questions among investors ahead of a possible IPO. Combined with an earlier discrepancy in OpenAI's annualized revenue projections, the figures may feed broader concerns that some AI companies' financial narratives are outpacing their underlying business performance.
- OpenAI's Q3 operating losses rose to $10.9 billion from $10.1 billion in Q2.
- Revenue grew about 50 percent quarter-over-quarter, partly aided by new ChatGPT ads introduced in February.
- The figures follow an earlier dispute over OpenAI's annualized revenue estimates and come as it and Anthropic prepare for expected IPOs.
Source: futurism.com — Frank Landymore, 2026-11-12
Published there as: “OpenAI Is Sustaining Enormous Losses”
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