OpenAI Revenue Jumps to $10 Billion in Third Quarter Amid Growing Losses

What happened: OpenAI told investors revenue jumped 50% to around $10 billion in the third quarter, rebounding from slower growth as demand for newer models and enterprise products picked up. Key numbers: Revenue around $10 billion in Q3, up 50%. Q2 growth was 17% over Q1. Fundraising round targets a $1.25 trillion valuation. Why it matters: The rebound follows a period of slower growth, and the figures were shared as the company seeks to close a new fundraising round. Coverage: 6 outlets in 24h

OpenAI told investors revenue jumped 50% to around $10 billion in the third quarter, rebounding from slower growth as demand for newer models and enterprise products picked up.

The rebound follows a period of slower growth, and the figures were shared as the company seeks to close a new fundraising round.