OpenAI’s quarterly revenue reportedly crosses $10B for the first time

Summary

• OpenAI's quarterly revenue crossed $10 billion for the first time, representing an almost 50% jump from the $6.7 billion recorded in the second quarter.
• The company's adjusted operating margin improved from -150% in the second quarter to -109% in the third quarter.
• OpenAI has over a billion users, though most are assumed to be free users or subscribers to its cheapest plans.
• Anthropic reported Q3 revenue of $17 billion, capturing the lead in the enterprise market for AI models.
• OpenAI's annual revenue run rate reached $50 billion, while Anthropic's annual revenue run rate increased to $81 billion as of the end of October.
• Anthropic counts sales made by its cloud partners in its revenue figures, whereas OpenAI only reports its share of some sales through its partners.
• Both companies compete with models from Meta, Amazon, Microsoft, Google, and open-source AI labs, including those from China.