02:38 PM EDT, 03/26/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI anticipates more than tripling its revenue this year to $12.7 billion from $3.7 billion in 2024, Bloomberg reported Wednesday, citing a person familiar with the matter.

The company expects revenue to more than double in 2026 to $29.4 billion, the person told Bloomberg.

OpenAI did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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