OpenAI’s Revenue Run Rate Hits $70B as IPO Race Intensifies
OpenAI’s annualized revenue has surged to nearly $70 billion, a sharp increase from the $40 billion reported in August. This growth is driven by enterprise subscriptions, the Codex coding tool, and a rapidly expanding advertising business. The milestone coincides with OpenAI’s DevDay conference in San Francisco. Meanwhile, rival Anthropic is preparing for a public listing, with its own run rate reaching $65 billion by July. Investors are watching Oracle and Microsoft as proxies for these private giants, as both companies have significant financial ties to the AI leaders.