OpenAI annualized revenue $20 billion less than previously reported
OpenAI's revenue is $20B less than thought.
TL;DR
- OpenAI's annualized revenue is $50 billion, not the previously reported $70 billion.
- The discrepancy is due to different accounting methods for partner sales between OpenAI and Anthropic.
- Anthropic includes revenue from cloud partner sales, while OpenAI records only its share.
- The $70 billion figure was an attempt to create an apples-to-apples comparison with Anthropic.
- Annualized revenue is common in Silicon Valley but actual revenue is preferred by public markets.
- Anthropic reportedly told investors it realized an operating profit in Q2, excluding stock-based compensation.
- Claims about profit should be viewed cautiously without typical earnings release financial documents.