News Summary

• OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year.
• The company shared the forecast with investors in talks over its latest funding round.
• A day earlier, the Financial Times reported that the figure was approaching $50bn.
• That is about $20bn below the figure reported last month.
• The two companies count revenue differently.
• Anthropic counts the gross amount of certain sales through cloud partners such as Amazon.
• OpenAI counts only its share of revenue from partners, including Microsoft.