OpenAI CFO Sarah Friar tells employees that annualized revenue in July topped all of Q2

📰 source: cnbc_topnews · 💼 business

openai cfo sarah friar told employees in an internal meeting that the company's annualized recurring revenue in july exceeded the entire second quarter. 'and q2 was no slouch,' friar said. momentum came from gpt-5.6 models, chatgpt work, and codex adoption. openai, valued at $852 billion, faces pressure from anthropic, google, and cheaper chinese open-weight models. it plans $600 billion in compute spend by 2030 and is discussing a $250 billion backstop with nvidia for an ohio data center. anthropic's revenue run rate topped $47 billion in may, up from $10 billion in 2025. openai's annualized revenue was over $25 billion as of march. both companies confidentially filed for ipo in june.

why it matters: openai's revenue growth and $852b valuation face stiff competition from anthropic and cheaper models ahead of a massive ipo.

source: cnbc_topnews
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