OPENAI CFO SARAH FRIAR TELLS EMPLOYEES THAT ANNUALIZED REVENUE IN JULY TOPPED ALL OF Q2

Summary from the TLDR newsletter

OpenAI's annualized recurring revenue in July exceeded the company's entire second quarter. The growth was driven by the release of the company's GPT-5.6 series of models and ChatGPT Work, as well as growing adoption of Codex. OpenAI is under pressure to justify its $852 billion valuation as it prepares for its IPO. It has been racing to bring in new users to generate the revenue needed to help support its infrastructure spending plans.