According to CNBC, OpenAI’s CFO, Sarah Friar, revealed in an internal meeting that OpenAI’s annualized recurring revenue in July has already surpassed the total for the second quarter. The growth is driven by the GPT-5.6 series models, ChatGPT Work, and Codex. OpenAI is facing competition from Anthropic and Chinese open-source models, with Anthropic’s annualized revenue exceeding $47 billion. Both OpenAI and Anthropic have secretly filed IPO applications with the SEC. OpenAI’s current valuation is approximately $852 billion, and it is currently negotiating with NVIDIA for up to $250 billion in funding support to lease an AI data center in Ohio.
OpenAI's July annualized revenue exceeds Q2 total; secretly files IPO application
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Summary
OpenAI's annualized revenue for July exceeded the Q2 total, according to SEC disclosures from an internal meeting. CFO Sarah Friar attributed the growth to GPT-5.6 models, ChatGPT Work, and Codex. Ecosystem growth faces pressure from Anthropic and Chinese open-source models. Anthropic’s revenue now exceeds $47 billion. Both companies have filed IPO applications. OpenAI’s valuation is $852 billion, and it is in discussions with NVIDIA regarding a $250 billion funding plan to lease AI data centers in Ohio.
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