xAI Shuts Down Overnight
Plus: The AI House Wall, A Fake Door, Google TPU Finds No Demand
Read the storyFrom the models to the business behind them. Follow our reporting on OpenAI and the choices shaping the AI industry.
Get AI Secret’s free daily briefing, including OpenAI and the wider AI industry.
AI research and deployment company behind ChatGPT. Coverage follows its models, products, research, governance and the business of deploying AI.
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Annualized revenue levels are not audited annual sales. Financing commitments are not revenue.
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Reuters reports a September run rate near $50B. Earlier figures near $70B used a different sales presentation; the two should not be treated as directly comparable growth milestones.
Source: ReutersOpenAI extends the new model generation beyond paid customers and reports more than 1.2B weekly ChatGPT users. This is user reach, not paid subscribers.
Source: OpenAIEarlier revenue, financing and company milestones.
OpenAI closes a financing round with $122B in committed capital. Commitments and valuation are financing measures, not sales.
Source: OpenAIThe CFO retrospectively reports $2B ARR in 2023, $6B in 2024 and over $20B in 2025. These are year-specific annualized levels, not recognized annual revenue; this is the disclosure date.
Source: OpenAIThe SoftBank-led financing is announced alongside 500M weekly ChatGPT users. The figure is announced funding, rather than an ARR milestone.
Source: OpenAIThe credit agreement follows $6.6B in equity funding. Available borrowing capacity is distinct from equity proceeds and revenue.
Source: OpenAIGPT-4 expands the model platform beyond ChatGPT’s original research-preview generation, with API access initially offered through a waitlist.
Source: OpenAIThe conversational interface makes instruction-following language models available directly to the public.
Source: OpenAIDevelopers gain access to general-purpose language models through an API, establishing a business alongside research.
Source: OpenAIOpenAI announces LP alongside its nonprofit, adding a structure for financing large-scale research and commercial development.
Source: OpenAIThe organization begins as a nonprofit AI research company, preceding its later commercial API and subscription businesses.
Source: OpenAIBriefs, articles and relevant sections, newest first. Explore older coverage below.
More coverage
Plus: The AI House Wall, A Fake Door, Google TPU Finds No Demand
Read the storyPlus: OpenAI’s Idealism, Palantir Is Printing Money
Plus: HappyHorse Broke His Leg, Anthropic Hits OpenAI Territory
Plus: New Token Bomb, Musk Says AI “Could Kill Us All”
Plus: The YouTube Gate, OpenAI Plans Its Own Phone, A House of Cards
Plus: Taylor Swift Trademarks Herself, Multi-Cloud Is Oxygen
Plus: DeepSeek V4 Preview, New AI Search Console
Plus: Anthropic Hits Trillion, Tesla Sells Impossible Dream
Plus: ChatGPT Images 2.0, Games Are Becoming AI Worlds
Plus: A Corporate Guillotine, DeepSeek Finally Needs Money