OpenAI reports steep losses despite quarterly revenue rise

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OpenAI's quarterly revenue rose about 50% to $10 billion in the third quarter, but the company continued to report steep operating losses, according to the Wall Street Journal. The figures highlight the high costs accompanying the company's rapid growth.

OpenAI's quarterly revenue rose about 50% to $10 billion in the third quarter. However, the group behind ChatGPT continued to ‌post steep operating losses, according to the Wall Street Journal.