By Boston Herald Wire Services
Publication Date: 2026-11-11 21:12:00
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.
OpenAI declined to comment.
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…
