Sam Altman, CEO of OpenAI, acknowledges that the artificial intelligence revolution is running behind schedule. He believes the industry has the necessary technology but lacks suitable products, describing this as a « product failure. » OpenAI’s financial results for the second quarter of 2026 illustrate this tension: revenue reached $6.7 billion, up 18%, but operating losses widened to $12.3 billion. By comparison, competitor Anthropic generated $11.6 billion in revenue during the same quarter and reported its first adjusted operating profit. Both companies are considering going public, with OpenAI postponing its plans to 2027.
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