OpenAI assures investors it expects annual revenue of about $70 billion by year-end
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
The SI stock market reacts to every figure from the leader: the mood of the whole industry depends on how revenue is counted.
According to Bloomberg as relayed by The Next Web and Semafor, OpenAI told investors it expects to reach annualised revenue of about $70 billion by the end of the year — against the backdrop of concern after the Financial Times report of a figure of about $50 billion. TNW reports that total annualised revenue grew 77% in the third quarter and enterprise revenue 107%; OpenAI counts only its own share of revenue from partners, including Microsoft, while Anthropic counts gross sales through the clouds. TNW, citing sources, writes that the $70 billion estimate may have been put forward by an investor comparing the company with Anthropic rather than by OpenAI itself; Semafor notes analysts' disputes over whether annualised revenue is a valid metric.
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