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Report: OpenAI Q3 Revenue Hits $10B, Up Nearly 50% QoQ

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According to IT Home, Bloomberg, citing people familiar with the matter, reports OpenAI's third-quarter revenue reached $10 billion for the first time, up nearly 50% quarter over quarter and about triple a year earlier. Adjusted operating margin improved to -109% from -150%, and annualized revenue was said to be around $50 billion as of late September. OpenAI is reportedly raising new funding at a $1.25 trillion valuation.

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