OpenAI reported approximately $5.7 billion in revenue for the first quarter of 2026. This performance led competitor Anthropic, which generated $4.8 billion during the same period. However, OpenAI posted a heavily negative adjusted operating margin due to substantial operational costs.
Anthropic projects its second-quarter revenue will more than double to $10.9 billion. This growth could result in the company’s first operating profit.
AI chipmaker Cerebras raised $5.55 billion in its IPO on May 14. The company's stock price increased 68% during its first day of trading.