OpenAI's $50 billion run rate isn't quite AI-mazing

What happened: OpenAI told investors its annualized revenue for September was almost $50 billion, down from the roughly $70 billion run rate it previously indicated. The gap stemmed from an attempt to compare directly with rival Anthropic, a source said. Key numbers: September run rate almost $50 billion versus approaching $70 Why it matters: OpenAI excludes revenue from cloud partner sales such as AWS and Google Cloud, unlike Anthropic. Both companies are preparing to go public, which may give Wall Street a clearer view of finances and the sustainability of rapid AI-driven revenue growth. Coverage: 3 outlets in 24h

OpenAI told investors its annualized revenue for September was almost $50 billion, down from the roughly $70 billion run rate it previously indicated. The gap stemmed from an attempt to compare directly with rival Anthropic, a source said.

OpenAI excludes revenue from cloud partner sales such as AWS and Google Cloud, unlike Anthropic. Both companies are preparing to go public, which may give Wall Street a clearer view of finances and the sustainability of rapid AI-driven revenue growth.