OpenAI's annualized revenue $20 billion less than previously signaled, FT reports
Oct 8 : OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors.
OpenAI did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
- The company has recently told investors its revenue was approaching $50 billion on an annualized basis at the end of September, the report said, far short of the $70 billion reported by media outlets, including Reuters, late last month
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • The discrepancy arose from attempts by OpenAI's own investors to produce a direct comparison with Anthropic's annualized revenue, the FT reported, citing a person with knowledge of the matter • The pair calculate the figure in different ways, with Anthropic including the revenue from sales via cloud partners such as AWS and Google Cloud, while OpenAI does not, the Financial Times report said • Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month's revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups • OpenAI and its rival Anthropic are potentially preparing to go public, which could give Wall Street a clearer view of their finances, including the sustainability of their rapid revenue growth due to the AI boom
- The discrepancy arose from attempts by OpenAI's own investors to produce a direct comparison with Anthropic's annualized revenue, the FT reported, citing a person with knowledge of the matter
- The pair calculate the figure in different ways, with Anthropic including the revenue from sales via cloud partners such as AWS and Google Cloud, while OpenAI does not, the Financial Times report said
- Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month's revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups
- OpenAI and its rival Anthropic are potentially preparing to go public, which could give Wall Street a clearer view of their finances, including the sustainability of their rapid revenue growth due to the AI boom
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Get our pick of top stories and thought-provoking articles in your inbox
Stay updated with notifications for breaking news and our best stories
Join our channel for the top reads for the day on your preferred chat app
