OpenAI's Annual Revenue Soars Past $25 Billion, Eyes $1 Trillion IPO

• OpenAI's annualised revenue reached over $25 billion by end of last month, a 17% increase from $21.4 billion last year.
• The growth is fueled by a push into the enterprise market, partnering with major consulting firms for AI deployments.
• Faces competition from rivals like Anthropic and tech giants such as Google in the enterprise AI space.
• Targets $600 billion in compute spending by 2030 for AI infrastructure, preparing for a potential $1 trillion IPO.
• Recently agreed with the US Department of Defense to deploy AI models, with CEO Sam Altman clarifying safeguards against intelligence use.