OpenAI<\/a> told investors that it hit roughly $50 billion in annualized revenue<\/a> at the end of September, CNBC confirmed, lower than the the $68 billion figure that was widely reported late last month. A person familiar with the matter said the $68 billion figure included gross revenue from OpenAI’s partners, which helps investors make a more direct comparison with its chief rival, Anthropic<\/a>.<\/p>\n The Financial Times<\/a> was first to report the $50 billion figure.<\/p>\n OpenAI shared an update about its finances in an investor presentation, said the person, who asked not to be named in order to discuss the numbers. In addition to the $50 billion in annualized revenue, OpenAI touted 77% total run rate growth during its third quarter, as well as 107% run rate growth for its enterprise business during the same period, the person said.<\/p>\n Nvidia shares fell 3%, Oracle shares fell nearly 6% and CoreWeave shares slipped nearly 8% on Thursday. Additionally, Advanced Micro Devices<\/a> fell 4%, Broadcom<\/a> fell 4%, Intel<\/a> fell 5% and Super Micro Computer<\/a> fell nearly 5%.<\/p>\n OpenAI is under pressure to justify its $852 billion valuation to investors as it gears up for what is widely expected to be a blockbuster IPO. OpenAI confidentially filed<\/a> its prospectus with regulators in June, and executives have signaled that the company is eyeing a 2027 debut<\/a>.<\/p>\n Anthropic is also readying for a major IPO<\/a>. The company has not officially disclosed when it plans to debut, but it’s been engaging in meetings<\/a> with prospective investors and is reportedly seeking a $2 trillion valuation. In August, Anthropic told investors that its annualized revenue run rate\u00a0hit $65 billion<\/a> at the end of July. <\/p>\n In a report<\/a> on Tuesday, independent financial research provider New Constructs called Anthropic’s upcoming offering the “most ridiculous IPO of 2026,” and valued the company at a mere $150 billion. Anthropic’s revenue in 2025 was $4.6 billion as the company racked up a net loss of $42 billion, according to Reuters<\/a>, which cited a leaked copy of the company’s prospectus. <\/p>\n Both Anthropic and OpenAI have been at the center of a fierce debate over AI safety, after a growing chorus of researchers warned that the companies’ models could potentially cause catastrophic harm.<\/a> OpenAI has disclosed several incidents<\/a> where its models behaved in unintended ways, and the company recently pulled its plans<\/a> to launch GPT-6.1 Astra, saying the model did not meet its safety standards.<\/p>\n OpenAI CEO Sam Altman<\/a> said in September that “right now would be an ill-advised moment<\/a> to go public,” in part because of the ongoing concerns around safety. <\/p>\n As OpenAI bides its time, the company is engaging in early stage discussions<\/a> with investors about a potential new funding round. The company could raise around $30 billion, CNBC previously reported, but that figure could change. The round is being driven by investor demand and no term sheet has been finalized yet.<\/p>\n OpenAI closed a historic $122 billion<\/a> funding round in March, and CFO Sarah Friar\u00a0told CNBC last week that it is still “very well capitalized.”<\/p>\n
![\"OpenAI](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/108377568-1791479243567-1791479180-48871869815-hd.jpg\")
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