OpenAI's revenue exceeded $10 billion in the quarter for the first time
Bloomberg, citing anonymous sources, reports that OpenAI’s quarterly revenue topped $10 billion for the first time, with demand for newer models cited as a driver. The report also puts its adjusted operating margin at -
Bloomberg, citing anonymous sources, reports that OpenAI’s quarterly revenue topped $10 billion for the first time, with demand for newer models cited as a driver.
The report also puts its adjusted operating margin at -109% in Q3, compared with -150% in Q2—a useful distinction when assessing revenue growth versus operating profitability.
If confirmed, the figure would be nearly 50% higher than the $6,7 billion it reportedly had in revenue in the second quarter. The increase from the first to the second quarter had been reported at about 18%.
According to Bloomberg, OpenAI's adjusted operating margin improved from -150% in the second quarter to -109% in the third. The ratio, however, remained below zero.
Bloomberg also reports that OpenAI has reached an annual revenue rate of $50 billion. That doesn't mean it's already made that much in a year. It's an estimate of how much it could bring in annually if it continues at its current pace.
↳
READ ALSO
HACKS.GR / RELATED
AI Unlocked
Helix raises $6 million for voice authentication
↗
The comparison with Anthropic requires caution. The company reported $17 billion in revenue in the third quarter and said its annual revenue growth reached $81 billion at the end of October, up $10 billion in a single month. The two companies don’t calculate these annualized numbers in the same way: Anthropic includes sales from its partners, while OpenAI only calculates its share of some sales through partners.
According to the report, Anthropic has increased its revenue in the enterprise market. OpenAI has benefited from tighter pricing and discounts, improvements to its models, and a greater focus on enterprise products and tools that complete tasks.
OpenAI says it has over a billion users. The publication estimates that most likely use its free service or its cheaper plans, but this has not been confirmed.
Its competitors include Anthropic, Meta, Amazon, Microsoft and Google, as well as labs developing open-source artificial intelligence models, particularly in China.
>Stay connected with Hacks.gr
Set us as a preferred source on Google and find us on social media.
Preferred source
↗
end of article
Originally published by Dev.to AI. Aggregated on AIWithGhost for educational purposes — full credit and traffic to the original publisher.