Bloomberg reported, citing anonymous sources, that OpenAI's quarterly revenue crossed $10 billion for the first time, driven by strong demand for its recent AI models. If accurate, that is an increase of almost 50% from the $6.7 billion reportedly recorded in the second quarter. The company's adjusted operating margin also reportedly improved.
OpenAI is climbing out of a rough stretch earlier this year. The company's quarterly revenue crossed $10 billion for the first time, thanks to strong demand for its recent AI models, Bloomberg reported, citing anonymous sources.
How much revenue did OpenAI report in the third quarter?
If accurate, the figure would mark an increase of almost 50% from the $6.7 billion in sales the company reportedly recorded in the second quarter. It would also represent a sharp acceleration in growth. Revenue had previously been said to rise about 18% between the first and second quarters of the year.
The company's profitability also appears to be improving. According to the report, OpenAI's adjusted operating margin narrowed from negative 150% in the second quarter to negative 109% in the third quarter.
How does OpenAI's revenue compare with Anthropic's?
Growth of 18% on top of $5.7 billion in quarterly revenue is a large figure by any measure, especially for a company in the software business. But OpenAI has been running into a stronger competitor. Anthropic, the maker of Claude, has taken the lead in winning enterprise customers for AI models, and it recently reported third-quarter revenue of $17 billion.
OpenAI built a large consumer base early on and says it has more than a billion users. Most of those, it's reasonable to assume, are free users or subscribers to its cheapest plans. The company has lagged Anthropic in serving businesses, a market where Anthropic has pulled ahead, at least when it comes to revenue growth.
According to Bloomberg, OpenAI has recently benefited from several changes. Tighter pricing, discounts, improving models and a greater focus on enterprise products and AI agents that can help people complete tasks have all contributed. The company has now reached an annual revenue run rate of $50 billion, the outlet reported.
Anthropic, which is seeking a $1.4 trillion valuation in an initial public offering that is likely to happen soon, said its annual revenue run rate rose by $10 billion within a month, to $81 billion as of the end of October.
Why is it hard to compare OpenAI and Anthropic revenue directly?
The two companies do not measure annualized revenue the same way. Anthropic counts sales made through its cloud partners. OpenAI reports only its share of certain sales made through partners. That difference makes a head-to-head comparison hard to pin down.
Both companies also face pressure from other players. Models from Meta, Amazon, Microsoft and Google are competing for the same customers. So are a growing number of cheaper but highly capable models from open source AI labs, especially those in China.
Este artículo fue escrito con la asistencia de IA.
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