Microsoft (MSFT)-backed OpenAI expects annualized revenue to exceed $70 billion by the end of 2026, Bloomberg reported Friday, citing unnamed people familiar with the matter.
Sources told Bloomberg that annualized sales were roughly $50 billion at the end of September.
The company shares the numbers with investors as part of discussions for its latest fundraising effort, the report said.
OpenAI did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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