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

OpenAI’s quarterly revenue rose about 50% to $10 billion in the third quarter, but the ChatGPT maker continued to post steep operating losses, the Wall Street Journal reported on Tuesday.

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.