OpenAI annualised revenue put near US$50 billion as of end-September, about US$20 billion below earlier investor expectations
AI Market Summary
Financial Times reports OpenAI's annualised revenue near US$50b versus ~US$70b previously communicated, largely due to earlier gross-partnership revenue accounting. The discrepancy raises questions about AI demand and the quality of headline growth metrics used to justify heavy data-centre capex and elevated valuations. AI-linked equities weakened on the news, increasing scrutiny on upcoming fundraising and IPO timelines across the sector.
Impact level
● Medium
Affected assets
NCSKOPENAI2USD/USDT-2.42%
AI Insight · NCSKOPENAI2USD/USDTAI Insight
▼ Bearish
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OpenAI’s annualised revenue was close to US$50 billion as of the end of September, about US$20 billion below the US$70 billion expectation previously conveyed to investors, the Financial Times reported. The gap stems from earlier figures counting gross revenue from partnerships with companies such as Nvidia. CNBC, citing a person familiar with the matter, said the previously reported US$68 billion figure used the same approach.
