Thought Leadership
OpenAI has cited a revenue rate of nearly 50 billion dollars to investors, according to the Financial Times. Previously, 70 billion had been circulating.
OpenAI has informed investors that its annualized revenue is approaching 50 billion US dollars, according to a report by the Financial Times. This puts the figure roughly 20 billion dollars below the 70 billion dollar number reported by media outlets, including the Financial Times itself, at the end of September. The annualized revenue rate extrapolates revenue from a single period, often a month, to a full year. In August, Bloomberg and Reuters had reported that OpenAI was on track for an annualized revenue of more than 65 billion dollars.
Different Calculation Methods
According to the Financial Times, the higher figure did not originate from OpenAI. Rather, it resulted from attempts by investors to directly compare figures with those of competitor Anthropic. Both companies calculate their revenue differently: Anthropic includes gross revenue from sales via cloud partners like Amazon Web Services and Google Cloud, while OpenAI reports net revenue. According to Yahoo Finance, investors had initially assumed a revenue of 40 billion dollars in August and added a 70 percent growth figure cited by OpenAI on top of that. According to reports, Anthropic reaches an annualized revenue of 65 billion dollars.
Tech Stocks Decline
On the stock market, technology stocks declined. The revenue trajectory of leading AI providers is viewed by the market as an indicator of demand for a technology into which massive sums are currently being invested.
According to The Guardian, OpenAI is in initial discussions regarding a 30 billion dollar funding round at a valuation of around 1.4 trillion dollars. In March, the company had closed a 122 billion dollar round at a valuation of 852 billion dollars. CEO Sam Altman had postponed the initial public offering in September to 2027 at the earliest, citing concerns over AI safety. Anthropic is preparing an initial public offering on the Nasdaq.
(Editorial Team)
