Openai Quarterly Sales Reach $10 Billion As Losses Widen Arabian Post

(MENAFN- The Arabian Post) clearfix"> OpenAI generated approximately $10 billion in third-quarter revenue, nearly 50% more than in the preceding three months, as demand for its artificial intelligence products accelerated despite mounting operating losses.

The ChatGPT developer disclosed the figures to investors on Tuesday, covering the quarter ended September 30. Revenue was almost three times the level recorded a year earlier, while its annualised revenue rate stood at roughly $50 billion at the end of September.

Chief financial officer Sarah Friar confirmed the quarterly revenue figure in an interview on Tuesday, describing enterprise demand as a major contributor. She said sales to business customers had doubled from the previous quarter, leaving enterprise and consumer products contributing approximately equal shares of revenue.

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