On August 19, as per The Wall Street Journal, OpenAI conveyed to its investors that while its revenue for the second quarter experienced an 18% month-on-month uptick, its losses also expanded, leaving certain shareholders disheartened. These shareholders had anticipated more significant strides from the company in its pursuit to rival Anthropic. Citing individuals with insider knowledge, OpenAI's revenue soared to $6.7 billion in the three-month period culminating in late June, up from $5.7 billion in the preceding quarter. Concurrently, the shrinking operating profit margins have cast doubt on the company's ability to achieve profitability prior to its much-anticipated Initial Public Offering (IPO).