Artificial Intelligence1 min read

Source: OpenAI told investors on Tuesday that its revenue jumped 50% to around $10B in Q3, up from 17% growth in Q2 (The Information)

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In short

OpenAI briefed its investors on Tuesday regarding the company's recent accelerated financial expansion. According to details reported by The Information from an unnamed source, the firm reached approximately $10 billion in revenue for the third quarter. This 50% revenue jump represents a sharp contrast to the 17% growth rate achieved during the second quarter.

Key points

  • The Information originally reported the financial figures based on an unnamed source.: The Information originally reported the financial figures based on an unnamed source.
  • Quarterly revenue growth accelerated significantly between the second and third quarters.: Quarterly revenue growth accelerated significantly between the second and third quarters.
  • Third-quarter revenue reached a total of approximately $10 billion following rapid operat…: Third-quarter revenue reached a total of approximately $10 billion following rapid operational gains.

Sources checked by our analysis pipeline: 1

New York Times: |

The Information: |

New York Times: |

Financial Times: |

Mackenzie Hawkins / Bloomberg: |

Anthropic: |

CNBC: |

Echo Wang / Reuters: |

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Tom Warren / The Verge: |

Koray Kavukcuoglu / Google: |

Shirin Ghaffary / Bloomberg: |

Kyle Kucharski / ZDNET: |

Lily Hay Newman / Wired: |

Mia Sato / The Verge: |

AI Futures Project: |

Sam Rutherford / Engadget: |

Jenny Lee / CNBC: |

Shubhangi Goel / Business Insider: |

Andrew Liszewski / The Verge: |

Jay Peters / The Verge: |

Ethan Mollick / One Useful Thing: |

Bloomberg: |

Bloomberg: |

The Information: |

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Artificial Intelligence