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00:03OpenAI is on track to generate more than $40 billion in annualized revenue based on its
00:08current performance, roughly double its run rate at the end of 2025, according to Bloomberg.
00:13Revenue growth has accelerated in recent months, driven partly by its AI coding software,
00:18subscription sales, advertising business, and consumer operations.
00:23OpenAI co-founder and president Greg Brockman said,
00:26The company's annual revenue run rate increased more than 20% month over month in July.
00:32The company has also seen rising demand for AI agents, including Codex and ChatGPT work.
00:38OpenAI and rival Anthropic have both filed confidential paperwork to go public,
00:42with Anthropic expected to pursue an IPO as soon as this fall.
00:46For all things money, visit Benzinga.com.
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