Docs: OpenAI told investors its annualized revenue was nearing $50B at the end of September, well below the $70B reported by media based on investor docs (Financial Times)

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OpenAI told investors its annualized revenue was nearing $50 billion at the end of September, which is lower than the $70 billion previously reported by media.

Key sources

SOURCEhuggingnewshuggingnews.com
SOURCEOct 8, 11:54 PMmarketbrief.now
DISCUSSIONmfiguiereOct 8, 11:45 PMnews.ycombinator.com
SOURCEhnft.com
SOURCE@ftOct 8, 11:50 PM“OpenAI annualised revenues $20bn less than previously signalled”x.com
SUPPORT@firstsquawkOct 8, 11:47 PM“OPENAI RECENTLY TOLD INVESTORS ANNUALIZED REVENUE NEAR $50B”x.com
SUPPORT@negligible_capOct 9, 12:01 AM“the $70B OpenAI ARR figure was released on Dev Day, on September 29”x.com
SUPPORT@lisaabramowicz1Oct 9, 12:07 AM“spurring a more than 5% drop in Oracle shares, exacerbating losses from Nvidia and AMD to Microsoft”x.com

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