OpenAI revenue keeps surging as company seeks $30 billion in fresh capital

OpenAI's annualized revenue rate stood at roughly $50 billion at the end of September, according to the Financial Times. The previously reported figure of nearly $70 billion (see below) was based on a calculation designed to make OpenAI's revenue more comparable to Anthropic's, Axios reports. The gap comes down to how each company books partner sales, so it's an accounting question. Anthropic records the full customer payment when selling through cloud partners, then logs the cloud provider's cut as an expense. OpenAI only counts its own share as revenue for certain partner deals. Ad Both methods comply with US GAAP standards, according to Axios. The difference depends on each company's role in the transaction, meaning who controls the customer relationship and who's responsible for delivering the product.