OpenAI says its annualized revenue is $50 billion, not $68 billion
OpenAI has clarified that its annualized revenue is $50 billion, correcting previous reports that cited a higher figure of $68 billion. This correction triggered a decline in the stock prices of key industry partners including Nvidia, Oracle, and CoreWeave.
Why it matters
The correction highlights the extreme sensitivity of the AI hardware market to financial performance metrics of leading AI developers.
Shares of Nvidia, Oracle, and CoreWeave fell Thursday after OpenAI…
Also covering this story
4 other newsrooms covered this event. We read each version separately.
Why the AI guys built tech that terrifies them
OpenAI’s revenue is reportedly $20 billion less than previously projected
OpenAI annualised revenues $20B less than previously signalled
Tech stocks drop after report that OpenAI’s revenue is lower than expected
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in