CNBC Daily Open: Where did the missing $20 billion go?
AI Market Summary
OpenAI disclosed annualized revenue of about $50B as of end-September, below widely circulated $68B figures, raising scrutiny of its >$850B valuation and the broader private-AI pricing environment. Altman reiterated no IPO this year, limiting near-term public-market price discovery. Reports that Anthropic is exploring a Nasdaq listing at a much higher valuation add competitive and benchmarking pressure across AI-linked equities.
Impact level
● Medium
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● Neutral
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OpenAI has disclosed that its annualized revenue as of the end of September reached $50 billion, well below the previously widely reported $68 billion figure. The revision is fueling fresh scrutiny of the company's valuation, which is said to exceed $850 billion.
CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving OpenAI under pressure to justify its lofty pricing in the private markets.
Separately, rival Anthropic is reported to be exploring a Nasdaq listing, with an ambitious valuation target of as much as $2 trillion.
