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OpenAI is earning at a rate close to $50 billion, not $70 billion, FT reports
According to the Financial Times, OpenAI has told its investors that its annualized revenue is approaching $50 billion, not the $70 billion that had been reported. And it is not calculated the same way as Anthropic's.
The essentials
3 according to the source · 2 open questions
- According to the sourceAccording to the Financial Times, OpenAI has told its investors that its annualized revenue, the pace of a full year, is approaching $50 billion.1
- According to the sourceThe $70 billion figure, reported earlier, came from investors' own attempts to compare themselves with Anthropic's annualized revenue, according to the FT.1
- According to the sourceOpenAI and Anthropic calculate their annualized revenue differently: Anthropic counts sales by its cloud partners and OpenAI does not.1
Why it matters
If confirmed, the direct comparison with Anthropic that the $70 billion figure suggested does not hold up, and the two numbers are not comparable. It matters because OpenAI is trying to justify enormous investments.1
The details
TechCrunch has asked OpenAI for comment. The company raised $122 billion in a round in March, and its leaked 2025 accounts showed about $13 billion in revenue, with considerably higher spending. Its stock market listing, previously rumored for this year, has been postponed to early 2027.1
What we don't know
- How OpenAI responds: TechCrunch has asked it for comment.
- The exact figure, since the reports only say "close to" $50 billion.
Sources
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