OpenAI’s annual revenue accelerates to $40 billion – nearly doubling in months

While artificial intelligence startup OpenAI remains a private company, it may not disclose information about its financials as regularly as a public company. For this reason, before entering the IPO, OpenAI’s performance indicators can only be judged through indirect data. Sources say OpenAI’s annualized revenue now exceeds $40 billion.

Image credit: Unsplash, Zach Wolf

It was explained that this was almost double the figure at the end of last year Bloomberg. According to sources at the agency, the company’s revenue growth has accelerated in recent months as the company began actively selling rights to proprietary software to developers in the enterprise space. In addition, subscription and advertising revenue also increased. Finally, the consumer market also drives OpenAI’s revenue.

The demand for AI agents such as Codex for software development and ChatGPT Work for automating business processes has grown dramatically. Lowering the price of access to some of OpenAI’s artificial intelligence models also helps, as it attracts more customers. By comparison, rival Anthropic reported in May that its annual adjusted revenue had reached $47 billion. It has not updated the data since then because it is legally prohibited from making such statements as it prepares for an IPO scheduled for September or October. In the case of OpenAI, the recent appointment of a new chief revenue officer may be a sign that the startup’s leadership is concerned about improving its financial performance. In July, OpenAI President Greg Brockman admitted that annualized revenue had grown by more than 20% month-on-month. At the end of last year, this number exceeded $20 billion, so now we can talk about doubling it. OpenAI has filed for an IPO but currently doesn’t expect to go public until next year so as not to compete with Anthropic for overall investor budgets this fall.