OpenAI revenue keeps climbing as it seeks at least $30B in new funding

OpenAI revenue keeps surging as company seeks $30 billion in fresh capital

OpenAI's annualized revenue was about $50 billion at the end of September, and the company is negotiating at least $30 billion in new funding at a target pre-money valuation of $1.4 trillion. An earlier figure near $70 billion used a method meant to compare directly with Anthropic. Anthropic counts the full customer payment from cloud partnership sales, while OpenAI counts only its own share on some deals. Both approaches follow US GAAP.

Why it matters: OpenAI and Anthropic book cloud partnership revenue differently, so comparing their annualized revenue means separating full customer payments from a company's own share.