OpenAI eyes IPO as annualised revenues surpass $40 billion

OpenAI is on track to generate more than $40 billion in annualised revenue, nearly doubling its figure from the end of the previous year, according to Bloomberg. The company is preparing for an initial public offering on Wall Street, with the strong financial results intended to bolster its case to investors. The pace of revenue growth makes OpenAI one of the fastest-growing tech companies on record.

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