The Zhitong Finance App learned that, according to people familiar with the matter, OpenAI's quarterly revenue exceeded 10 billion US dollars for the first time in the three months ending September, driven by strong demand for its latest AI software.

The anonymous insider said that the ChatGPT developer's revenue for the quarter increased nearly 50% month-on-month compared to the previous quarter, and nearly tripled from the same period last year. The relevant financial details were revealed during an investor conference call on Tuesday.

After falling behind long-time competitor Anthropic PBC in some metrics this year, OpenAI has regained growth momentum with new, more competitive AI models, aggressive price cuts, and greater investment in AI agents (AI agents) that help customers automate their work. At a time when Anthropic's revenue growth is beginning to slow, OpenAI's business is showing signs of acceleration.

Anthropic, which is nearing a landmark listing on Wall Street, had third-quarter revenue of approximately $17 billion. Its month-on-month growth slowed to about 47% from over 140% in the second quarter. (OpenAI and Anthropic have historically used different revenue calculation calibers.)

After postponing the launch plan until next year, OpenAI is completing a new round of financing at a valuation of $1.25 trillion. OpenAI recently completed the initial $11 billion portion of this funding round.

Anthropic aims to get a $1.4 trillion valuation in its public listing later this month.

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