OpenAI annualized revenue at $50bn, far below reports - FT
OpenAI's annualized revenue for the period ending September stands at around $50 billion, considerably lower than previous reports suggesting it could be as high as $70 billion, according to financial documents analyzed by The Financial Times. This disparity arises from differences in how OpenAI and its competitor Anthropic calculate annualized revenue.
Anthropic encompasses revenue generated through cloud partners like AWS and Google Cloud, while OpenAI does not consider such revenue in their calculations. This explains why earlier attempts to match the companies' revenues led to inflated estimates. Despite this, OpenAI has confirmed a revenue growth rate of over 70% during the same period.
The annualized revenue figure is crucial for gauging overall demand for AI technology and impacts infrastructure spending decisions within the sector.
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