OpenAI Tells Investors Annualized Revenue Nears $50 Billion, Below Earlier Signals

OpenAI told investors its annualized revenue run rate was about $50 billion at the end of September 2026, roughly $20 billion below the nearly $70 billion previously reported. The gap stems from accounting differences: Anthropic includes cloud partners' share of sales, while OpenAI does not. OpenAI is in early talks to raise at least $30 billion at a pre-money valuation near $1.4 trillion.

• OpenAI's annualized revenue reached about $50 billion by end-September 2026
• That is $20 billion below the previously reported ~$70 billion figure
• The gap is an accounting difference over cloud-partner revenue, not lost sales
• OpenAI is in early talks to raise at least $30 billion at a $1.4 trillion valuation