OpenAI’s quarterly revenue hit $10 billion for the first time in the three months ending in September, according to a person familiar with the matter, driven by strong demand for its latest artificial intelligence software.
The ChatGPT maker’s revenue increased nearly 50% from the prior quarter and nearly threefold from the same period a year earlier, said the person, who spoke on condition of anonymity as the information is not public. The financial details were shared with investors during a call on Tuesday.
After slipping behind longtime rival Anthropic PBC this year by some measures, OpenAI has regained momentum with competitive new AI models, aggressive price cuts and a greater focus on AI agents to help customers automate work.
Anthropic, which is nearing a landmark Wall Street debut, reported third-quarter revenue of about $17 billion. The rate of growth from the second quarter slowed to around 47%, compared to a more than 140% increase in the previous quarter.
International Business Machines Corp. is ending immigration sponsorship for some roles in its largest division following a crackdown by the Trump administration on a visa program that’s been a talent pipeline for the tech industry.
“We have opted to discontinue visa and green card sponsorship for the majority of such roles in IBM Consulting,” an IBM spokesperson said.
Impacted workers can continue working with IBM outside the U.S., or leave the company at the end of the year, according to a document seen by Bloomberg that was shared with managers in that division this week. Consulting is by far IBM’s largest division, with over 150,000 workers, according to its website.
