OpenAI is projected to reach $70 billion in annualized revenue by the end of 2026.

BlockBeats news, October 9 - According to Bloomberg, people familiar with the matter revealed that OpenAI expects its annualized revenue to reach or exceed $70 billion by the end of this year, driven by growth in its enterprise business.

The sources said OpenAI's annualized revenue as of the end of September was approximately $50 billion. This metric extrapolates full-year revenue based on sales from a shorter period. They said OpenAI disclosed this data to investors during discussions for its latest funding round.

It was previously reported that OpenAI is in talks to raise at least $30 billion in new funding, with a pre-money valuation of $1.4 trillion.