OpenAI’s September annual revenue approaches $50 billion
OpenAI has informed investors that its annualised revenue for September approached $50 billion, reflecting a decrease from previous indications, according to a source. The company previously indicated to investors at a separate event that its revenue run rate for last month was approaching $70 billion, as reported by sources. The discrepancy primarily emerged from an effort to create a direct comparison with figures from competitor Anthropic, according to the sources. OpenAI, in contrast to Anthropic, does not account for revenue generated from sales through cloud partners like Amazon’s AWS and Alphabet’s Google Cloud.
Anthropic compensates its cloud partners approximately 16% of every dollar generated through their collaboration, which, according to an analysis, constituted half of the company’s revenue last year. Both OpenAI and Anthropic are preparing to go public, a process through which Wall Street is likely to gain a clearer view of finances, including the sustainability of rapid revenue growth brought about by a boom in demand for AI applications. OpenAI commenced this year with an annualised revenue of $20 billion, in contrast to $6 billion projected for 2024.
In the second quarter, OpenAI’s quarterly revenue was surpassed by Anthropic for the first time, with OpenAI reporting $6.7 billion in revenue, while Anthropic achieved $11.5 billion. Anthropic’s annualised revenue surpassed $65 billion in July and is projected to hit $100 billion by the end of the year, sources informed. Analysts regard annualised revenue run rate as a potentially deceptive sales metric, frequently calculated by multiplying one month’s revenue by 12. It has, however, gained traction as a favoured metric among rapidly expanding startups in Silicon Valley.
