Glossary
Adjusted operating loss
A company's operating loss after excluding items it chooses to leave out, typically stock compensation and one-off charges; not a GAAP measure.
OpenAI's reported $10.9 billion third-quarter figure is adjusted and comes from internal documents, while Anthropic's $567 million operating loss is from an audited S-1. The two are not directly comparable; always check what 'adjusted' removes before quoting a margin.
Related terms
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