OpenAI revenue keeps surging as company seeks $30 billion in fresh capital
OpenAI's annualized revenue rate sits at about $50 billion, well below the initially reported $70 billion figure that was based on a different accounting method. The correction sent chip stocks sliding. Meanwhile, OpenAI is negotiating at least $30 billion in fresh capital at a $1.4 trillion valuation.
Via The Decoder
Update, October 9, 2026:
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…
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