Sources: OpenAI's Q2 revenue grew 18% QoQ to $6.7B, but its operating margin sank further; Anthropic more than doubled its revenue to $11.6B in the same period
THE SO WHAT
An 18% QoQ climb to $6.7B with falling margins versus Anthropic more than doubling to $11.6B underscores how expensive growth is at the frontier and how quickly share can move. Enterprise buyers should expect aggressive pricing and bundling over the next 6–12 months—lock in terms, but keep optionality for a second model vendor.
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