CNBC·4 min read·medium
OpenAI CFO Sarah Friar tells employees ARR in July topped all of Q2
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Ashley Capoot, Kate Rooney
✦AI Summary
OpenAI's CFO Sarah Friar informed staff that the company's July revenue exceeded its entire second-quarter performance. The company is currently managing high infrastructure costs and intense competition from rivals like Anthropic and open-source models.
As OpenAI chases rival Anthropic in the enterprise and tries to sustain growth in the face of new competition from cheaper open-source alternatives, the artificial intelligence company is seeking to reassure staffers that the business remains healthy.
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