OpenAI quarterly revenue jumps to $10 billion, up nearly 50%
· Tech · United States
OpenAI told investors that revenue jumped nearly 50% to $10 billion in the third quarter, rebounding from a period of slower growth as demand for its newer models and enterprise products picked up, according to a person familiar with the matter. The company shared the financial metrics with investors during a briefing. The figures give a rare look at the commercial scale of the leading AI developer and signal that enterprise adoption is accelerating.
Why it matters:The numbers reset expectations for how fast AI labs can convert model demand into revenue, a key input for valuations across the sector.
Key points
- Revenue rose nearly 50% quarter over quarter to $10 billion.
- Growth rebounded on newer models and enterprise products.
Sources (original reporting)
More stories from this day
- Nvidia board hires Wachtell for independent probe of CEO Huang
- Anthropic launches workplace software, discloses $10B more cloud deals ahead of IPO
- CoreWeave revenue doubles to $3.66B but net loss swells to $709M
- New York's AI safety law takes effect, adding oversight for OpenAI and Anthropic
- Treasury Yield Nears 5% as Hot Inflation Fuels Fed Rate-Hike Bets
- US issues first construction permit in decades for Texas SMR plant