OpenAI annualized revenue surpasses $25 billion as AI enterprise market heats up

OpenAI's Annualized Revenue Skyrockets Beyond $25 Billion: Report - Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)

OpenAI has reportedly surpassed $25 billion in annualized revenue as of last month. The AI startup's revenue has seen a significant 17% increase from the previous year's $21.4 billion, according to The Information, on Thursday. OpenAI did not immediately respond to Benzinga's request for comment. Revenue Soars Despite Compute Costs Despite its impressive growth, OpenAI faces stiff competition. Anthropic, also poised for IPO, is targeting a nearly 180% revenue increase in a single year, putting pressure on the Sam Altman-led firm. Funding Spree Ahead Of IPO In February, global startup funding hit $189 billion on the back of OpenAI, which led the round with $110 billion, Anthropic at $30 billion, and Alphabet's Waymo at $16 billion, which together accounted for 83% of total venture capital that month, Crunchbase reported. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

OpenAI tops $25 billion in annualized revenue, The Information reports

March 4 (Reuters) - Artificial intelligence startup OpenAI topped $25 billion in annualized revenue as of the end of last month, The Information reported on Wednesday, citing a person familiar with the figure. This is a 17% increase from the $21.4 billion in annualized revenue that the company generated at the end of the year, the report said. Reuters could not verify the report. OpenAI did not immediately respond to a request for comment. OpenAI is expanding into the enterprise market by teaming up with four of the world's largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments. In the enterprise race, OpenAI faces competition from rivals such as Anthropic and giants like Google that are selling AI capabilities to enterprises. Since late 2022, OpenAI has gone from effectively zero revenue to more than $20 billion in annualized revenue in 2025. Its rival Anthropic has followed a similar trajectory, climbing to roughly $9 billion in annualized revenue. OpenAI is targeting roughly $600 billion in total compute spending through 2030, as the ChatGPT maker lays the groundwork for an IPO that could value it at up to $1 trillion. (Reporting by Preetika Parashuraman in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)