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OpenAI says July revenue run-rate topped all of Q2

OpenAI's finance chief Sarah Friar told employees in an internal meeting that the company's annualized recurring revenue in July was higher than in the whole of the second quarter, according to CNBC. The remarks, made internally, pointed to rapid revenue growth; the reports did not disclose the specific figures Friar cited to staff.

Why it matters

Accelerating revenue underpins OpenAI's soaring valuation and heavy spending, though internally cited figures are hard to independently verify.

Sources

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