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Ed Zitron
@edzitron.com

OpenAI is washed. Revenue grew from $5.7bn in q1 to $6.7bn in Q2, and the operating margin got worse, though for whatever reason the journal didn’t disclose what it was or how much worse it was. Last quarter it was (non-GAAP) negative 122% for some context

The Wall Street Journal@wsj.com

OpenAI's revenue grew much slower than Anthropic's last quarter, disappointing investors who hoped the ChatGPT maker would start to catch up to its rival.

on.wsj.comExclusive | OpenAI’s Second-Quarter Sales Show Tepid Growth Compared With AnthropicThe ChatGPT-maker’s revenue disappointed some investors, although the company told them its growth accelerated in the third quarter.
Ed Zitron
@edzitron.com

Anthropic had $11.5bn in revenue in Q2, and claimed a small (non GAAP) operating profit because Elon musk discounted two months of compute (May and June). Not really sure what OpenAI does from here! This is a huge gap to cover. bsky.app/profile/lunc...

#1 Lamar Jackson Stan@lunchbox17.bsky.social

There's no way Anthropic is any better right? Like they're just sitting back & saying "thank god our numbers aren't out there like this"?

14 reposts296 likes

Ed Zitron
@edzitron.com

Journal story updated - OpenAI lost $12.3bn in Q2 including stock based compensation. Will add that Anthropic was “not more efficient on compute,” it got a two month discount in Q2 from SpaceX. Either way grim shit from OpenAI. Negative 183% non GAAP operating margin in Q2