OpenAI Annualized Revenue Nears $70 Billion, Far Exceeding August Expectations

TradingKey - OpenAI's annualized revenue is approaching $70 billion based on current operating performance, according to an Axios report on Tuesday citing people familiar with the matter. For reference, when Bloomberg News reported in August, OpenAI's annualized revenue run rate stood at "over $40 billion."

At a stage when AI companies generally trade massive spending for growth, OpenAI's revenue trajectory has been sharply revised upward within a few months, with the growth of AI coding software seen as a key driver.

OpenAI is reportedly locked in a fierce battle for enterprise customers with its longtime rival Anthropic. In this round of revenue acceleration, robust growth in commercial adoption was explicitly cited as a primary driver, with enterprise clients becoming a core component of its revenue base; the growth in AI coding software also stems from paid adoption among enterprise and developer communities. For both companies, the outcome of this rivalry will be directly reflected in the gap between their revenue scales.

Regarding their listing process, the two companies are moving at vastly different paces. The report noted that both OpenAI and Anthropic have submitted confidential IPO filings, with Anthropic expected to list as early as this fall. In contrast, OpenAI has made it clear that it no longer expects an IPO within this year, as the company will focus its efforts on addressing safety concerns raised by its technology.