OpenAI's annualized revenue reaches approximately $50 billion as it seeks $30 billion in new financing

OpenAI's annualized revenue rate was approximately $50 billion at the end of September; the previous figure of nearly $70 billion stemmed from a different partner sales accounting method compared to Anthropic, with both figures complying with US GAAP. The company is negotiating new financing of at least $30 billion, targeting a pre-money valuation of $1.4 trillion. Enterprise business drove a 77% increase in total revenue in Q3. Following the FT report, chip stocks fell by several percentage points.