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Reports put OpenAI Q2 revenue at $6.7 billion as Anthropic passes $11 billion

The Wall Street Journal, citing sources, reported that OpenAI's second-quarter revenue rose 18% quarter over quarter to $6.7 billion while its operating margin declined further. The report said Anthropic more than doubled revenue to $11.6 billion in the same period. It added that OpenAI's revenue disappointed some investors, although the company told investors growth accelerated in the third quarter.
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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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Reco raises $55M extension for enterprise AI agent security

Reco raised a $55M Series B extension, bringing its total funding to $140M, TechCrunch reported. The company's technology helps enterprises secure and govern AI agents across software-as-a-service environments, where businesses ar...

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Relay raises $36M for AI communications used by frontline workers

Relay raised $36M to help businesses capture information from frontline work, SiliconANGLE reported. The startup develops cloud-hosted radio communicators powered by AI for frontline workers. Relay says its aim is to capture what ...

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Ultraviolette raises US$85 million and plans US entry in 2027

Electric motorcycle maker Ultraviolette raised US$85 million in funding led by Yali Capital and TDK Ventures and says it plans to enter the US market in 2027, New Atlas reported. The capital will support manufacturing of its F77 a...

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ShinyHunters member reportedly detained in Jordan over FBI breach

ShinyHunters member Saif al-Din Khader, known as "Rey," was detained in Jordan and is cooperating to identify other hackers involved in the FBI breach, Reuters reported, citing sources. The hacking group claims to have stolen data...

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