Sarah Friar, CFO of OpenAI, speaking on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 21st, 2026. In an internal meeting with employees on Wednesday, finance chief Sarah Friar and board chair Bret Taylor touted OpenAI's revenue growth and addressed competition with Anthropic, CNBC has learned. Friar said OpenAI's annualized recurring revenue in July exceeded the entire second quarter. "And Q2 was no slouch," Friar said, according to a partial transcript of the meeting that was reviewed by CNBC. The Information reported in March that OpenAI had recently topped $25 billion in annualized revenue, citing a person with knowledge of the matter.