Evening brief

Friday, June 19

1 people · 0 companies · 3 topics

TL;DR OpenAI’s 2025 financials leaked this week showing a $38.5B net loss but 40%+ gross margins on inference — training and Microsoft payments are the actual drain. ENISA met with Anthropic in San Francisco today to negotiate EU defender access to Fable 5 and Mythos 5, still blocked under the June 12 export control directive.

Models & research

  • model-releases OpenAI’s 2025 audited financials leaked June 16 (obtained by Ed Zitron, confirmed by FT): $13B revenue, $20.9B operating loss, $38.5B net loss including a $41.5B fair-value charge from the nonprofit-to-for-profit conversion. R&D hit $19.2B; $17.2B went to Microsoft for cloud and R&D support. The numbers are ahead of IPO and make painful reading for public-market investors. Fortune · Motley Fool

  • model-releases Grok 4.3 is now GA on Amazon Bedrock (launched June 16): 1M-token context, configurable reasoning effort (none/low/medium/high), claimed lowest hallucination rate among frontier models, running on xAI’s new Mantle inference engine. Priced aggressively for high-volume enterprise workloads. AWS · xAI

People

  • emollick noted the only bright spot in the OpenAI leak: “OpenAI is profitable on serving customers with 40%+ gross margins. But training remains incredibly expensive.” He framed automating AI research as a cost-reduction play, not just a capability one. X

Other

  • ENISA (EU cybersecurity agency) met with Anthropic in San Francisco today, pressing for a carve-out that would restore European defender access to Fable 5 and Mythos 5, blocked since the June 12 US export control directive. The meeting was pre-scheduled before the ban — making it a de facto emergency negotiation. CryptoBriefing · BanklessTimes

OSS

  • calesthio/OpenMontage spiked 738 stars today: open-source agentic video production system with 12 pipelines, 52 tools, and 500+ agent skills. GitHub

  • anthropics/financial-services picked up 481 stars today: Anthropic’s reference implementation for Claude in regulated financial services. GitHub

  • withastro/flue at 162 stars today: TypeScript sandbox framework for building and testing AI agents in isolated environments. GitHub