OpenAI's revenue hits $70 billion

OpenAI expects its annual revenues to reach $70 billion or more by the end of 2026, supported by expansion into enterprise-focused businesses. The company's revenues amounted to approximately $50 billion up to September 2026, with plans to add less than $20 billion in the final quarter of the year. The company is in talks to raise over $30 billion in a new funding round prior to a valuation exceeding $1.4 trillion, making it one of the highest-valued private companies worldwide. This follows its previous funding of $122 billion in March. Revenue reports influence stock market performance, as technology indices declined after forecasts fell short of some earlier estimates. OpenAI has postponed its initial public offering (IPO) plan to 2027, while Anthropic may sell its shares through a public offering as early as November.

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