In TrendsStock MarketStocks To WatchGold and SilverNSE RebalancingITROpenAI's annualized recurring revenue nears $70 billionThe startup’s annualized revenue run rate has risen by more than 70% since the beginning of the third quarter in July, the source said, declining to be named as the matter was private.By Reuters September 29, 2026, 10:58:12 PM IST (Published)OpenAI’s annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday.The startup’s annualized revenue run rate has risen by more than 70% since the beginning of the third quarter in July, the source said, declining to be named as the matter was private.OpenAI generated more consumer revenue in the third quarter than in all of last year, according to the source. Axios first reported the news.Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month’s revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups.Shares of Oracle, OpenAI’s critical computing infrastructure partner, were 5.3% higher.”Oracle’s fate is largely tied to the success of OpenAI, which represents around half of its compute backlog,” said Gil Luria…
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