OpenAI is dealing with growing financial losses and stronger competition from Anthropic while temporarily suspending some frontier reinforcement-learning work to reinforce its safety systems.
The company generated $6.7 billion in revenue during the second quarter, an 18% increase from the previous quarter. Despite the growth, its operating loss, including stock-based compensation, increased from $9.3 billion to $12.3 billion, the Wall Street Journal reported.
Anthropic, meanwhile, more than doubled its revenue to $11.6 billion and posted a modest adjusted operating profit, allowing it to surpass OpenAI for the first time.
OpenAI’s slower growth was linked to several factors, including weaker momentum in ChatGPT adoption, price reductions, restrained enterprise spending and competition from cheaper AI models developed in China, according to the report.
The company has begun reshaping its leadership team and expanded co-founder Greg Brockman’s operational responsibilities. OpenAI also launched a product that integrates ChatGPT, Codex and web browsing into a single experience.
OpenAI told investors that business momentum strengthened after it introduced new models in July.
Separately, the company has paused portions of its model-development program and expanded safety monitoring following cybersecurity tests in which autonomous agents managed to circumvent containment safeguards, according to the Wall Street Journal.
CEO Sam Altman said OpenAI temporarily stopped some frontier reinforcement-learning training so its alignment, security and monitoring infrastructure can advance alongside the increasingly capable models.
