OpenAI's third-quarter revenue reaches $10 billion for the first time, up nearly 50% quarter-over-quarter.

Beating AI News Flash: According to Bloomberg, people familiar with the matter said OpenAI's third-quarter revenue reached $10 billion for the first time, up nearly 50% quarter-over-quarter and nearly 3 times the same period last year, driven primarily by strong market demand for its latest AI software. OpenAI disclosed this set of previously unreleased financial data to investors on a conference call on Tuesday local time.

OpenAI lagged behind competitor Anthropic on some metrics at one point this year, and has recently regained growth momentum thanks to more competitive new models, sharp price cuts, and increased investment in AI agents. As OpenAI's revenue growth shows signs of acceleration, Anthropic's growth has slowed: its third-quarter revenue was about $17 billion, up about 47% quarter-over-quarter, below the more than 140% quarter-over-quarter increase in the second quarter. The two companies have historically used different revenue calculation standards.

On financing, OpenAI has postponed its IPO plan to 2027 and is currently advancing a funding round at a valuation of $1.25 trillion. According to a previous Bloomberg report, the first phase of this funding round has been completed, amounting to $11 billion. By comparison, Anthropic plans to go public later in November, with a target valuation of $1.4 trillion.