AI summary
Summary of article:
OpenAI’s revenue exceeded US$10 billion for the first time last quarter, annual revenue reached nearly US$50 billion, and its loss rate is continuously increasing. The company has achieved growth again through new models, price cuts and AI agents and its valuation has increased to US$1.25 trillion.
According to people familiar with the matter,OpenAI Revenue exceeded US$10 billion for the first time last quarter, driven largely by strong market demand for its latest AI software.
OpenAI’s revenue in the quarter ended in September rose nearly 50% from the previous quarter and was nearly triple that of the same period last year, Bloomberg News reported, citing people familiar with the matter.
These are undisclosed information, but the relevant financial report data was disclosed to investors at a meeting held on the 10th. OpenAI President Greg Brockman, Chief Financial Officer Sarah Fryer and Product Director Thibault Sotioux were all present at the meeting, one of the people familiar with the matter said.
One of the people familiar with the matter said OpenAI’s adjusted operating profit margin changed from negative 150% in the last quarter to negative 109% in the second quarter.
People familiar with the matter also revealed that OpenAI told investors at the meeting that the company’s annual revenue will reach nearly US$50 billion by the end of September.
OpenAI declined to comment.
OpenAI lagged behind longtime rival Anthropic on some measures earlier this year, but the competitor has recently gained momentum with new AI models, significant price cuts and a greater focus on AI agents that help customers automate workflows.
While OpenAI’s business growth is showing signs of accelerating, Anthropic’s revenue growth has started to slow down a bit. Anthropic’s revenue last quarter was about US$17 billion, but its quarterly revenue growth rate has slowed to about 47%, compared to the previous quarter’s growth rate of more than 140%. However, the revenue calculation methods used by OpenAI and Anthropic have always been different.
Anthropic is now targeting a valuation of $1.4 trillion when it goes public later this month.
OpenAI recently completed a new round of fundraising, raising US$11 billion, giving the company a valuation of US$1.25 trillion. The company has postponed its original listing plan until next year.
Summary FAQ
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According to people familiar with the matter, OpenAI’s revenue exceeded US$10 billion for the first time in the quarter ended September, an increase of nearly 50% from the previous quarter and nearly three times that of the same period last year, indicating that demand has increased significantly.
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OpenAI’s adjusted operating profit margin declined to minus 109% in the second quarter from minus 150% in the previous quarter. Although it is still in the red, the quantum of losses has improved, indicating progress in financial efficiency.
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OpenAI has recently accelerated growth with competitive new AI models, significant price cuts, and AI agents that focus more on helping customers automate workflows. After raising $11 billion, its valuation increased to $1.25 trillion.
