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OpenAI has projected that its annualized revenue will reach or exceed $70 billion by 2026, a figure disclosed to investors during discussions for a new funding round.
The company reported that its annualized revenue stood at approximately $50 billion as of the end of September.
These projections form part of negotiations for a capital raise that could value the company at over $30 billion.
OpenAI is currently in talks with United Arab Emirates-based funds, including MGX, to serve as anchor investors for the round. The discussions reportedly center on a pre-money valuation of $1.4 trillion.
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