OpenAI tells investors annualized revenue is about $50B, below the $68B reported earlier

OpenAI annualised revenues $20B less than previously signalled

OpenAI disclosed to investors that its annualized revenue at the end of September was about $50 billion, below the $68 billion widely reported at the end of last month. A person familiar with the matter said the $68 billion figure included partners' total revenue, a basis that makes for a more direct comparison with Anthropic.

Why it matters: The annualized revenue OpenAI showed investors is lower than the widely reported figure, and the gap comes down to how partner revenue is counted, which affects comparisons with Anthropic.