00:00Open AI is reportedly bringing in more money than ever before, with quarterly revenue topping $10 billion for the first
00:07time.
00:08That's nearly a 50% jump from the previous quarter, fueled by demand for chat GPT, newer AI models, and
00:15business-focused tools.
00:16The company has reportedly reached an annual revenue run rate of $50 billion as it races against rival Anthropic for
00:23dominance in artificial intelligence.
00:25But despite explosive growth, Open AI is still operating at a significant loss on an adjusted basis, raising questions about
00:33when the AI boom will translate into sustainable profits.
00:36The milestone comes as investors increasingly scrutinize the enormous costs of developing AI.
