OpenAI's Q3 revenue hits $10 billion for the first time, surging nearly 50% quarter-over-quarter.

Beating AI News, Bloomberg reported, citing people familiar with the matter, that OpenAI’s third-quarter revenue hit $10 billion for the first time, rising nearly 50% quarter-on-quarter and nearly tripling the year-ago figure, driven mainly by strong demand for its latest AI software. OpenAI disclosed the undisclosed financial data to investors during a conference call on Tuesday local time. OpenAI, which had lagged behind rival Anthropic on some metrics earlier this year, 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 around $17 billion, with a quarter-on-quarter increase of about 47%, lower than its over 140% QoQ growth in the second quarter. The two companies have long adopted different revenue calculation standards. In terms of financing, OpenAI has pushed back its IPO plan to 2027 and is currently advancing a financing round valuing the firm at $1.25 trillion. According to earlier Bloomberg reports, the first phase of this financing round has been completed, raising $11 billion. In contrast, Anthropic plans to go public later this November, targeting a valuation of $1.4 trillion.