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OpenAI forecasts over $70B annual revenue
OpenAI expects its annual revenues to exceed $70 billion by the end of 2026, driven by rapid growth in the business and enterprise solutions for the ChatGPT program. The company's revenues reached around $50 billion as of September, with plans to raise new funding of up to $30 billion or more, amid an investment valuation approaching $1.4 trillion. The company is focusing on AI safety standards and has postponed its initial public offering until 2027, while its competitor Anthropic has begun preparations for its IPO scheduled for next November.
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