OpenAI revenue growth continues as company seeks $30 billion in new capital

OpenAI's annualized revenue rate stood at roughly $50 billion at the end of September, according to the Financial Times, after an earlier figure of nearly $70 billion, which Axios reports was calculated to compare more directly with Anthropic's.

The gap reflects different accounting for partner sales, with Anthropic recording full customer payments and OpenAI counting only its own share for certain deals.

OpenAI is negotiating at least $30 billion in new capital at a target pre-money valuation of $1.4 trillion, Bloomberg reports.