OpenAI annualised revenues $20B less than previously signalled
OpenAI has clarified its annualized revenue figures, reporting $50 billion rather than the previously cited $68 billion. This adjustment has impacted market sentiment for major AI-related stocks like Nvidia and Oracle.
Why it matters
The correction highlights the volatility of AI-sector valuations and the intense investor scrutiny surrounding OpenAI's upcoming IPO.
Shares of Nvidia , Oracle , CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.
OpenAI told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure that was widely reported late last month. A person familiar with the matter said the $68 billion figure included gross revenue from OpenAI's partners, which helps investors make a more direct comparison with its chief rival, Anthropic .
The Financial Times was first to report the $50 billion figure.
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