OpenAI quarterly revenue reportedly tops $10B for the first time

OpenAI's quarterly revenue reportedly crossed $10 billion for the first time, up almost 50% from the $6.7 billion reported for the second quarter, according to Bloomberg, which cited anonymous sources. The report also said OpenAI's adjusted operating margin narrowed from -150% in Q2 to -109% in Q3, and that the company has reached a $50 billion annual revenue run rate. Rival Anthropic said its annual revenue run rate rose by $10 billion in a month to $81 billion as of the end of October, though the two companies calculate annualized revenue differently.