[OpenAI's Annualized Revenue in July Surpasses Total for Q2, Secretly Submits IPO Application] According to CNBC, OpenAI's Chief Financial Officer Sarah Friar revealed during an internal meeting that OpenAI's annualized recurring revenue for July has exceeded the total for the second quarter. The growth is driven by the GPT-5.6 series models, ChatGPT Work, and Codex. OpenAI is facing competition from Anthropic and Chinese open-source models, with Anthropic's annualized revenue already surpassing $47 billion. Both OpenAI and Anthropic have secretly submitted IPO applications to the SEC. OpenAI's current valuation is approximately $852 billion, and it is in discussions with NVIDIA for a funding support plan of up to $250 billion to lease AI data centers in Ohio.