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OpenAI Watch posted a new activity comment

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OpenAI’s operating losses rose from $10.1bn to $10.9bn in the third quarter, according to The Information, citing a person familiar with the matter. The increase gives investors a clearer view of the cost behind the company’s reported revenue growth.

There was an improvement in one measure: OpenAI’s adjusted operating margin moved from minus 150% to minus 109%, the same source reports. That is still a deeply negative margin, but the change points in a better direction.

The figures pull in two directions: the adjusted margin improved while operating losses increased. For a company scaling expensive AI products and infrastructure, revenue growth is only part of the picture; the cost of producing that growth matters too.

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