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OpenAI's adjusted operating margin improves to -109% in third quarter

OpenAI's adjusted operating margin improved from -150% in the second quarter to -109% in the third, the Wall Street Journal reported, citing leaked documents. Revenue grew roughly 50% to $10 billion over the same period, but the company remained far from profitability.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital Infrastructure
Capital Infrastructure

Tendrils raises $30 million for parallel processor development

Tendrils says it has completed a $30 million financing round led by Benchmark to develop a general-purpose processor built around thousands of cores operating in parallel. Other participants include Visionaries Club and the UK Sovereign AI Fund.

Security Capital
Security Capital

Daylight raises $80M Series B led by Goldman Sachs Alternatives

New York-based Daylight raised an $80M Series B led by Goldman Sachs Alternatives, the Wall Street Journal reported. Sources put its valuation at approximately $400M. Daylight provides managed security through a platform that pairs AI agents with human experts.

AI Capital
AI Capital

Ancep raises $8.5M to automate insurance brokers' administrative work

London-based Ancep has raised $8.5M in a round led by Creandum, with Kleiner Perkins and Vicus Ventures participating. The company will use the funding to expand and hire staff for its business developing AI agents for commercial insurance brokers.