OpenAI revenue run rate nears $70 billion as AI IPO race heats up

Investing.com -- OpenAI's annualized revenue run rate has surged more than 70% since the start of the third quarter, reaching nearly $70 billion, according to recent financial data cited by Axios. The revenue milestone coincides with OpenAI's annual DevDay conference taking place in San Francisco today, highlighting the rapid commercial expansion of its developer ecosystem. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » The growth is broad-based and accelerating rapidly.