Symbolic imageOpenAI revenue run rate tops $40bn as senior executives depart
OpenAI's annualised revenue has passed $40bn ahead of a planned stock market listing, Bloomberg reported on Thursday. Two more senior managers are leaving the company.
Bloomberg tied the threshold directly to the run-up to an initial public offering when it reported the figure on Thursday, 13 August. A run rate annualises current income rather than counting money booked over a full year. The available reporting is limited to short headline items, which set out neither a listing date nor the composition of the revenue.
Second senior exit reported
The Wall Street Journal reported on Thursday that OpenAI's chief revenue officer is leaving after less than a year, without naming the person in the material available. The New York Times reported the departure of Denise Dresser, a former chief executive of Slack, describing her as the latest in a string of executives to leave the company.
Thrive letter shows gains and a stake sale
Bloomberg reported on Friday that an investor letter from Thrive shows growth driven by OpenAI and a partial stake sale, though the letter's figures do not appear in the available text. The New York Times reported that Thrive Holdings, which buys service firms in order to add artificial intelligence to them, has raised $2bn and drew interest from backers including SoftBank.
Other opinions
Bloomberg framed the same personnel change as a hire, headlining that OpenAI has taken on a new chief revenue officer, while the Wall Street Journal led on the exit; all of the day's sources are US outlets.