OpenAI's revenue climbed about 50% in the July-September quarter from the three months before, reaching $10 billion. Its adjusted operating loss still grew, from $10.1 billion to $10.9 billion.
The company's adjusted operating margin did improve, moving to minus 109% from minus 150% in the previous quarter. OpenAI shared these figures with investors on Tuesday.
Rival Anthropic reported third-quarter revenue of $17 billion and an operating loss of $567 million, and it is preparing an IPO that could raise up to $64.35 billion.
AI-related financing now makes up about a quarter of bank lending growth to companies in the euro zone, the European Central Bank's chief economist Philip Lane said.
Lane noted that credit has stayed robust despite higher interest rates and an oil price shock. Without AI, company loan growth would be 3% a year instead of 4%, even though AI sectors are a small part of the economy.
He would prefer more investment funded through equity, which could let AI-native firms expand faster. The ECB is expected to raise rates again at its December meeting.
Sachin Tendulkar has taken a non-controlling stake in Recykal, the Indian waste management technology firm.
His investment extends the $23 million round Recykal closed in June. The company will use the money to strengthen its tech platform, expand its Deposit Return System for packaging waste, and grow internationally.
Recykal's goal is to change the habits of a billion people, and Tendulkar said he was drawn in by how technology tackled a daily problem.
SpaceX plans to invest more than $74 billion across two AI supercomputing campuses, one in Texas and one in Arizona.
The Texas facility at Starbase, estimated at over $24 billion, will sit on about 444 acres near Brownsville and generate its own power off the public grid. The project has already created over 3,000 construction jobs.
The roughly $50 billion Arizona campus in Cochise County could scale up to 6 gigawatts, though it still needs county approvals. The Starbase city commission will weigh a property tax break for the Texas project on December 9.
