United StatesOpenAI’s operating loss hit $10.9 billion on $10 billion of quarterly revenue.

Revenue grew 2.6 times in a year, yet OpenAI cut its valuation target to $1.25 trillion.

OpenAI told investors enterprise sales doubled in the quarter, yet only 8.5% of its 1.2 billion weekly users pay.

Anthropic’s updated prospectus shows $16.96 billion in third-quarter revenue, 1.7 times OpenAI’s.

OpenAI has closed $11 billion of a round now capped at $20 billion.

How each outlet framed it
Zhidx
computes that operating loss grew 8% while the adjusted margin improved from -150% to -109%, and sets OpenAI's $10B revenue against Anthropic's 1.7x larger quarter

Sources: Zhidx