Openai's q3 revenue hits $10b mark; company reveals $50b annualized run rate and funding details

Reports indicate that OpenAI achieved $10 billion in third-quarter revenue, marking the first time the company reached this milestone, with a sequential increase of nearly 50% and a threefold rise compared to the same period last year. Furthermore, an insider disclosed that OpenAI's adjusted operating margin narrowed from -150% in the prior quarter to -109%. As of the end of September, the company reported an annualized revenue scale of approximately $50 billion. Despite previously lagging competitor Anthropic in certain metrics this year, OpenAI is regaining momentum due to advancements in its next-generation AI models, significant price reductions, and a strategic pivot toward AI agents that automate customer tasks. In contrast, Anthropic's revenue growth is reportedly slowing, though the competitor's Q3 revenue is estimated at $17 billion, showing a deceleration from over 140% growth in Q2. Regarding corporate actions, OpenAI has postponed its IPO, currently securing new funding at a $1.25 trillion valuation, having recently closed an initial tranche of $11 billion. Meanwhile, Anthropic is slated for a listing later this month with a target valuation of $1.4 trillion.