<\/p>\n
OpenAI is expecting to reach or exceed $70 billion in annualised revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business.<\/p>\n
The ChatGPT-maker\u2019s annualised revenue was roughly $50 billion at the end of September, the people said. The figure represents a projection of OpenAI\u2019s yearly sales based on a shorter period.<\/p>\n
The company shared the numbers with investors as part of discussions for its latest fundraising effort, said the people, requesting anonymity to discuss private information. The company is in talks to raise $30 billion or more at a $1.4 trillion valuation before the new money, Bloomberg first reported in September.<\/p>\n
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OpenAI declined to comment.<\/p>\n
OpenAI, Anthropic and other AI firms have often touted their annualised revenue as a key growth metric. However, not all companies measure it the same way. Anthropic\u2019s annualised revenue hit $65 billion by the end of July, Bloomberg News previously reported.<\/p>\n
Some outlets reported last month that OpenAI was already projecting nearly $70 billion in annualised revenue, based on investor estimates. The Financial Times reported Thursday that the discrepancy came from OpenAI\u2019s investors attempting to calculate OpenAI\u2019s annualised revenue using the same methods as rival Anthropic PBC, which accounts for sales from cloud providers differently.<\/p>\n
On Thursday, tech shares led losses in the S&P 500 after reports that OpenAI\u2019s annualised revenue would be lower than some previous estimates. The Nasdaq 100 fell 1.4%. A gauge of chip giants sank 3.4%.<\/p>\n
While OpenAI has pushed back plans for an initial public offering until at least next year, citing its focus on AI safety efforts, Anthropic is expected to sell shares in an IPO as soon as November.<\/p>\n
OpenAI is in talks with multiple investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, to help anchor its new financing round, Bloomberg has reported.<\/p>\n
The company most recently raised a $122 billion round in March at an $852 billion valuation, including the money.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#OpenAI #expects #70bn #annualised #revenue<\/p>\n","protected":false},"excerpt":{"rendered":"
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