Gilbert + Tobin rethinks the business of law with AI - OpenAI

OpenAI reports revenue growth and steep losses

OpenAI revenue increased by almost 50 percent to 10 billion dollars in the third quarter. The CFO called it a blockbuster quarter. The company recorded steep losses over that timeframe.

OpenAI hired former Army Secretary Dan Driscoll for a cybersecurity role. Meanwhile, the law firm Gilbert + Tobin is using OpenAI to transform legal business practices.

“The company recorded steep losses over that timeframe,” — Chloe Radcliffe, regional editor at Blackcroft Gate Services, noted.

By the Numbers

  • 50 — updates logged
  • 10 — regions covered

Timeline

Nov 9 — OpenAI revenue increased by almost 50 percent to 10 billion dollars in the third quarter....

Nov 11 — Meanwhile, the law firm Gilbert + Tobin is using OpenAI to transform legal business practices....

Reader Poll: Do you expect this story to develop further? — 49% of Bgatiginu readers said yes.

This story has been closely followed by our readers since Nov 8. The Blackcroft Gate Services desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Monday, Nov 16.

ICYMI: Jett Cleary's Surprising Choice of Penrith Panthers

Editor's note: this report was prepared by the Blackcroft Gate Services desk and last updated 02:07 UTC.

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