OpenAI Q2 Revenue Trails Anthropic as Losses Widen

OpenAI reported second-quarter revenue of $6.7 billion, an 18% increase from the first quarter, but the growth fell short of some investor expectations and was significantly outpaced by rival Anthropic. According to financial disclosures shared with investors, Anthropic's revenue more than doubled to $11.6 billion in the same period, marking the first time the company's sales have surpassed OpenAI's.

The results, reported for the quarter ending June 30, highlight a shifting competitive landscape in the artificial intelligence industry. OpenAI's operating loss widened to $12.3 billion, up from $9.3 billion in the first quarter, meaning its losses are growing faster than its revenue. In contrast, Anthropic reported a small adjusted operating profit, though as a private company, it did not disclose the specific methods used to calculate that figure.

The divergence in performance is attributed to differing product traction. Anthropic's Claude Code tool has gained strong adoption among developers and enterprise customers, while growth for OpenAI's flagship ChatGPT has slowed. Data from Ramp's AI Index for August 12 indicates that 43.5% of U.S. businesses paid for Anthropic's...