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OpenAI's Revenue Run Rate Nears $50 Billion, Below Estimates
OpenAI makes ChatGPT and other AI tools, and its sales have been growing.
Based on how it is doing now, the company is on track to bring in about $50 billion over a year.
Some earlier reports put the figure closer to $70 billion.
The difference may come from how sales through cloud providers are counted.
Companies do not all calculate annualized revenue in the same way.
Anthropic, another AI company, reported an annualized revenue figure of $65 billion by the end of July.
OpenAI is also talking with investors about raising at least $30 billion.
The company has said it does not expect to go public this year while it focuses on safety concerns.
OpenAI is on track for roughly $50 billion in annualized revenue based on its current performance, according to people familiar with the matter.
That figure is below reports last month that the company was on track for nearly $70 billion.
The Financial Times reported that investors are trying to compare OpenAI's figures more directly with Anthropic's, including how cloud-provider sales are counted.
Anthropic's annualized revenue reached $65 billion by the end of July, according to an earlier Bloomberg report.
OpenAI is discussing a funding round of $30 billion or more that would value it at about $1.4 trillion.
- Who
- OpenAI, with Anthropic discussed as a competitor and point of comparison.
- What
- OpenAI's estimated annualized revenue is roughly $50 billion, lower than some earlier reported estimates.
- Where
- When
- The estimate was reported in the article; the exact date of the underlying revenue measurement is not specified.
- Why
- The discrepancy may reflect different ways of counting sales through cloud providers and efforts to compare OpenAI's figures with Anthropic's.
Key facts
- OpenAI estimated annualized revenue
- Roughly $50 billion based on current performance
- Earlier reported estimate
- Nearly $70 billion
- Anthropic annualized revenue
- $65 billion by the end of July, according to Bloomberg's earlier reporting
- Potential OpenAI funding round
- $30 billion or more
- Potential OpenAI valuation
- About $1.4 trillion
- OpenAI IPO plans
- The company has said it no longer expects to IPO this year
Sources
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