OpenAI Projects $20 Billion Jump in Annualized Revenue Before Year End

OpenAI expects its annualized revenue to reach at least $70 billion by the end of the year, up from $50 billion at the end of September, Bloomberg reported Friday (Oct. 9), citing unnamed sources. The expected gains are being driven by growth in OpenAI’s enterprise business, according to the report. OpenAI shared these figures with investors during discussions about a fundraising effort, the report said. The artificial intelligence company declined Bloomberg’s invitation to comment on the claims, per the report. Axios reported Sept. 29 that OpenAI was on pace to generate annualized revenue of almost $70 billion, a figure that would represent a 70% increase since the start of the third quarter.