OpenAI's annualized revenue $20 billion less than previously signaled, FT reports

Oct 8 (Reuters) - OpenAI's ‌annualized revenue is ​about $20 ​billion less than has been previously signaled, the Financial Times reported on Thursday, citing ‌financial documents shared with investors.

OpenAI did not immediately ⁠respond to a Reuters request for comment. Reuters could not independently ‌verify the report.

Here are ‌some details:

• The company has recently told investors its revenue was approaching $50 billion on an annualized basis ​at the end of September, the report said, far short of the $70 billion reported by media outlets, ⁠including Reuters, late last month

• The discrepancy arose from attempts by OpenAI's ​own investors to produce a direct comparison with Anthropic's annualized revenue, the FT reported, citing ​a person with knowledge of ‌the matter

• The pair calculate the figure in different ways, with Anthropic including the ⁠revenue from sales via cloud partners such as AWS and Google Cloud, while OpenAI does not, the Financial Times report ⁠said

• Annualized revenue run rate is sometimes misleading sales metric, which ​often involves multiplying one month's revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon ‌Valley startups

• OpenAI and its rival Anthropic are potentially preparing to go public, ‌which could give Wall Street a clearer view of ⁠their finances, including the ‌sustainability of their rapid ​revenue growth due to the AI boom

(Reporting by Jaspreet Singh in Bengaluru; Editing by Anil ‌D'Silva)

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