OpenAI Revenue Run Rate Tops $40 Billion as Compute Costs Raise Funding Stakes

OpenAI's annualized revenue run rate topped $40 billion in July, a milestone that shows how quickly demand has scaled across ChatGPT, Codex and API workloads. The acceleration also raises the stakes for OpenAI's next private financing, because lower model prices and a huge compute buildout are putting investors' focus on margins as much as growth.