Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Annualized revenue levels are not audited annual sales. Financing commitments are not revenue.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Reported September annualized revenue is nearly $50B
Reuters reports a September run rate near $50B. Earlier figures near $70B used a different sales presentation; the two should not be treated as directly comparable growth milestones.
OpenAI extends the new model generation beyond paid customers and reports more than 1.2B weekly ChatGPT users. This is user reach, not paid subscribers.
The CFO retrospectively reports $2B ARR in 2023, $6B in 2024 and over $20B in 2025. These are year-specific annualized levels, not recognized annual revenue; this is the disclosure date.
On October 2, OpenAI announced an impressive $6.6 billion in funding, doubling its valuation to $157 billion in just nine months. This round was led by Thrive Capital with participation from Microsoft, NVIDIA, SoftBank, and others.
Thrive Capital, led by Josh Kushner, contributed $1.3 billion. Microsoft added another $750 million to its previous $13 billion investment.
OpenAI imposed unusual conditions on investors, forbidding them from supporting competitors such as Anthropic, xAI, and even Safe Superintelligence (SSI), founded by OpenAI's co-founder Ilya Sutskever. This led to criticism from notable figures like Elon Musk.
Additionally, according to Bloomberg, OpenAI, which is currently managed by a non-profit entity, is expected to transition to a for-profit model. If this shift doesn't occur within two years, investors can reclaim their funds.
OpenAI’s 'Fair' Competition Recipe
OpenAI imposed unusual conditions on investors, forbidding them from supporting competitors such as Anthropic, xAI, and even Safe Superintelligence (SSI), founded by OpenAI's co-founder Ilya Sutskever. This led to criticism from notable figures like Elon Musk.
Microsoft: No Rivals Allowed
On October 2, OpenAI announced an impressive $6.6 billion in funding, doubling its valuation to $157 billion in just nine months. This round was led by Thrive Capital with participation from Microsoft, NVIDIA, SoftBank, and others.
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Just under half of Americans are concerned that the rapid adaptation of generative artificial intelligence will reduce the number of jobs, according to a report released Wednesday by Liberty Street Economics.
The survey respondents were 55% female, with a median age of 49. Racial representation included 4% American Indian, 4% Asian or Pacific Islander, 9% Black, 8.8% Hispanic, and 84% White. In terms of employment, 45% worked full time and 12% part time, with over 39% holding a college degree or higher education.
31% of respondents had used genAI tools. Users were typically younger, more likely to be male, college-educated, and less likely to be White.
Of those respondents who use genAI, 66% used it to gather information and advice while 48% used it for entertainment and 39% for work. When asked about worker productivity, 60% of users said it had no impact on their productivity while 35% said it increased their productivity.
One industry that is likely to be most immediately impacted by the explosion of genAI is the entertainment industry. In August, the New York Times interviewed dozens of editors and other craftspeople and virtually all were worried the technology will soon replace them.
Accenture and NVIDIA announce new business group to scale AI adoption with 30,000 professionals trained globally.
Microsoft has unveiled new AI assistant features including voice function, daily news digest, and Think Deeper chatbot.
Poolside has raised $500 million to develop AI coding software, achieving a $3 billion valuation.
Google announces two new Chromebooks and AI features to enhance productivity, starting at $350.
Elon Musk announced that xAI has opened an office in San Francisco's Mission District, taking over the space formerly subleased to OpenAI.
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This year's DevDay focused on incremental AI tool and API improvements for developers. OpenAI announced major updates focused on improving infrastructure and the developer ecosystem, rather than on end-users:
Realtime API helps developers make almost real-time "speech-to-speech" apps. The API offers six different voices from OpenAI, letting developers easily create advanced voice assistants and conversational AI tools.
Prompt Caching reduces costs and latency for developers by caching frequent contexts between API calls. Offers up to 50% savings for cached input tokens, aiding those with many API requests. Similar to Anthropic's cache, it needs prompts structured with static content first and variable content last.
Model Distillation allows developers to fine-tune smaller models using outputs from larger ones like o1-preview and GPT-4o. This reduces computational costs while maintaining functionality, making advanced AI accessible to smaller companies.
Visual Fine-Tuning lets developers enhance GPT-4o's visual understanding using images and text. This update enables applications in autonomous driving, medical imaging, and visual search. Grab, a Southeast Asian tech company, saw a 20% rise in lane count accuracy and a 13% boost in speed sign recognition after using visual fine-tuning.
OpenAI DevDay Review
This year's DevDay focused on incremental AI tool and API improvements for developers. OpenAI announced major updates focused on improving infrastructure and the developer ecosystem, rather than on end-users:
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Johns Hopkins researchers, led by Victor E. Velculescu, created a liquid biopsy to better detect ovarian cancer. It uses protein biomarkers, cell-free DNA fragments, and AI analysis. This method can tell benign from cancerous tumors, unlike ultrasounds, potentially reducing unnecessary surgeries.
The AI-powered DELFI test method focuses on fragmentomics, which identifies unique DNA fragmentation patterns in cancer cells. This method has shown success in detecting lung cancer and now, ovarian cancer.
The approach uses two known protein biomarkers, CA-125 and HE4, along with cfDNA fragment analysis. While CA-125 and HE4 alone aren't reliable for detection, combining them with cfDNA and AI analysis enhances accuracy.
The study, reported in Cancer Discovery, evaluated 591 women and used a machine learning model. They achieved high specificity (>99%) and varied sensitivity (72%-100%) across different stages of ovarian cancer. CA-125 alone showed lower detection rates compared to the combined method.
Initial results were based on samples from 479 women in the Netherlands and Denmark, and confirmed with 112 women in the United States. The combined method detected 73% of all cancers and 81% of high-grade serous ovarian carcinoma accurately, with almost no false positives.
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Hundreds of social workers in England are now using an AI tool called Magic Notes, which records meetings, drafts letters, and suggests follow-up actions to aid their work.
The AI tool analyzes face-to-face conversations, generates instant summaries, and proposes actions, potentially saving councils an estimated £2 billion annually by reducing time spent on paperwork.
There are concerns regarding the AI's reliability in summarizing meetings, as some councils seek assurance before using its notes for significant decisions. Additionally, social workers must approve any actions suggested by the AI.
The British Association of Social Workers supports AI tools that enhance efficiency but emphasizes that these should not replace human-centered social work practices.
Early pilot programs report positive feedback, with some councils noting improvements in engagement with clients. However, AI-generated summaries are seen as preliminary and require human oversight before being finalized.
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Apple Pulls Out of Latest OpenAI Funding Round
In a surprising turn of events, Apple has reportedly withdrawn from discussions to invest in OpenAI's latest funding round. This decision comes just before the talks were set to conclude, raising eyebrows given Apple's rare involvement in direct investments within Silicon Valley.
Historically, Apple is known for its cautious approach to investments and acquisitions in Silicon Valley, which makes their withdrawal less shocking despite the timing.
Microsoft and Nvidia are still poised to invest significantly in OpenAI, with Microsoft expected to add $1 billion to its previous $13 billion investment.
Despite withdrawing from the funding round, Apple maintains a partnership with OpenAI, integrating ChatGPT features into the upcoming iOS 18 update, emphasizing their collaboration in AI technology.
Apple Pulls Out of Latest OpenAI Funding Round
Despite withdrawing from the funding round, Apple maintains a partnership with OpenAI, integrating ChatGPT features into the upcoming iOS 18 update, emphasizing their collaboration in AI technology.
Apple Pulls Out of Latest OpenAI Funding Round
In a surprising turn of events, Apple has reportedly withdrawn from discussions to invest in OpenAI's latest funding round. This decision comes just before the talks were set to conclude, raising eyebrows given Apple's rare involvement in direct investments within Silicon Valley.
AI artist Jason Allen appeals the U.S. Copyright Office's decision denying full copyright for his AI-generated artwork, claiming substantial human effort in its creation.
The UK government has acquired a semiconductor factory to enhance its defence supply chain and secure critical military technology.
Beijing is pressuring local companies to purchase domestic AI chips instead of those from Nvidia, amid efforts to strengthen its semiconductor industry and counter US sanctions.
Samsung has announced the Galaxy Tab S10 Ultra and S10 Plus, its first tablets purpose-built for AI, now available for preorder ahead of their October 3 release.
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In the rapidly evolving landscape of artificial intelligence (AI), Google has been at the forefront, integrating AI capabilities into its suite of products. One of the most notable advancements is the introduction
The integration of AI in healthcare has been a transformative force, promising increased efficiency and accuracy in various medical processes. However, the deployment of AI tools
Last week, Anthropic unveiled a new feature called "computer-using," prompting a swift response from Google. In light of this competitive move, Google is rapidly
OpenAI, a leading entity in the field of artificial intelligence, is preparing to release its next major AI model, codenamed Orion, by December 2024. This release