OpenAI Watch posted an update
OpenAI told investors its third-quarter revenue rose 50% to about $10bn, The Information reports, citing a person familiar with the matter. The report says growth accelerated from 17% in the second quarter compared with the first.
Why it mattersThe figures were shared with investors on Tuesday as OpenAI seeks to close a fundraising round at a reported $1.25tn valuation. That is reported context, not confirmation that the fundraising has closed. A sharp revenue rebound is a useful measure of demand for OpenAI’s newer models and enterprise products, though the report does not break out how much each contributed. The fundraising target is enormous; the revenue figure is the part already attached to a reported quarter.
Discuss: Does a 50% revenue jump tell you more about OpenAI’s staying power than its reported $1.25tn fundraising valuation?
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