OpenAI tells investors its quarterly revenue jumped 50% to about $10B

OpenAI, the maker of ChatGPT, has told investors that its revenue jumped 50% in the third quarter to around $10 billion, according to a report from The Information. That is a sharp rebound. Growth in the second quarter was only 17%.

What changed

The report says OpenAI shared the figures with investors on Tuesday. Revenue is the money a company brings in from customers before costs are subtracted. The jump from 17% growth to 50% growth suggests the slowdown in the spring and early summer did not last.

The Information reports that demand for OpenAI's newer models drove the pickup. A model is the underlying AI system that powers tools like chatbots.

Why it matters

Revenue is a rough measure of how many people and businesses are willing to pay for AI. Rising numbers suggest more paying customers or more spending per customer. That can shape what AI products cost and which features show up in the apps you use.

What is not known yet

The report comes from a source, and the full article is not available here. The material does not say how the revenue splits between consumers and businesses. It also does not say whether OpenAI is profitable, or which models drove the growth.

• The figures are reported, not confirmed in a public filing.
• No details on pricing changes were given.
• It is unclear if the pace of growth will hold.