Based on OpenAI's current performance, the company's annualized revenue is on track to approach $70 billion, driven by strong growth in both its enterprise and consumer businesses.

In August, reports indicated that the ChatGPT developer's annualized revenue at the time was expected to surpass $40 billion.

In recent months, OpenAI's revenue growth has accelerated, partly fueled by the expansion of its AI coding software business.

OpenAI is engaged in fierce competition with long-time rival Anthropic PBC to capture more enterprise customers.

Both companies have confidentially filed for listing, and Anthropic is expected to potentially hold an initial public offering (IPO) as early as this autumn.

OpenAI has stated that, as the company focuses on addressing safety concerns arising from the technology, it no longer expects to conduct an IPO this year.