Openai's annual recurring revenue approaches $70 billion, surpassing growth targets

On September 29, 2026, Axios reported that OpenAI's annual recurring revenue (ARR) has reached nearly $70 billion, equivalent to approximately 470.5 billion yuan at current exchange rates. This marks a more than 70% increase since the start of the third quarter of 2026, with B2B revenue rising over 100% during the same period. OpenAI's consumer business also saw significant growth, with third-quarter revenue exceeding the total added in 2025. The AI industry is intensifying price competition, with token costs dropping and pushing OpenAI and Anthropic into broader price battles. Both companies are now focusing on expanding user base while managing infrastructure costs. OpenAI has begun its IPO process, while Anthropic submitted its IPO application earlier this year, with its valuation potentially reaching $2 trillion, or about 134.4 trillion yuan at current exchange rates.