OpenAI Investor Revenue Estimate Near $50 Billion

OpenAI recently told investors that its annualized revenue was approaching $50 billion at the end of September, according to a report based on financial documents shared with investors. That is about $20 billion below the nearly $70 billion figure reported late last month, leaving the basis for the competing estimates unsettled in the available reporting. The approximately $50 billion figure was attributed to information OpenAI had recently provided investors. The earlier estimate of nearly $70 billion was also reported as an annualized run rate, but the supplied accounts do not establish that the figures were calculated on the same basis. Reuters said it could not independently verify the report about the investor documents, and OpenAI did not immediately respond to a request for comment. A person familiar with the matter attributed part of the difference to efforts by OpenAI investors to compare the company’s revenue directly with Anthropic’s. Anthropic includes revenue from sales through cloud partners such as Amazon Web Services and Google Cloud in its calculation, while OpenAI does not, according to the reported explanation.