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March 4 (Reuters) - Artificial intelligence startup OpenAI topped $25 billion in annualized revenue as of the end of last month, The Information reported on Wednesday, citing a person familiar with the figure.

This is a 17% increase from the $21.4 billion in annualized revenue that the company generated at the end of the year, the report said.

Reuters could not verify the report. OpenAI did not immediately respond to a request for comment.

OpenAI is expanding into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments.

In the enterprise race, OpenAI faces competition from rivals such as Anthropic and giants like Google GOOGL.O that are selling AI capabilities to enterprises.

Since late 2022, OpenAI has gone from effectively zero revenue to more than $20 billion in annualized revenue in 2025. Its rival Anthropic has followed a similar trajectory, climbing to roughly $9 billion in annualized revenue.

OpenAI is targeting roughly $600 billion in total compute spending through 2030, as the ChatGPT maker lays the groundwork for an IPO that could value it at up to $1 trillion.

(Reporting by Preetika Parashuraman in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)

((Preetika.Parashuraman@thomsonreuters.com;))