OpenAI expects a $70bn revenue run rate by year-end, Bloomberg reports
OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year, Bloomberg reported on Friday. The company shared the forecast with investors in talks over its latest funding round, according to people familiar with the matter. They said growth in its enterprise business is driving most of it.
A day earlier, the Financial Times reported that the figure was approaching $50bn at the end of September. That is about $20bn below the figure reported last month. OpenAI declined to comment to Bloomberg.
How the two figures emerged
Bloomberg and The Information had reported that OpenAI’s annualised revenue passed $40bn as of mid-August. That figure included revenue OpenAI used to receive when Microsoft sold its models to Azure cloud customers, a person with knowledge of the figure later told The Information. OpenAI stopped receiving that revenue around April, when the two companies updated their commercial agreement.
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