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CNBC

OpenAI pegs annualized revenue at $50 billion as market questions $850 billion-plus valuation

AI Market Summary
OpenAI's disclosed annualized revenue of $50B (vs. $68B previously reported) undermines confidence in metrics supporting its $850B+ valuation, driving near-term derisking across AI-linked equities. Altman's confirmation of no IPO this year heightens focus on fundamental justification. Separately, reports of Anthropic targeting a $2T Nasdaq listing amplify valuation skepticism. Oil eased after U.S. rhetoric reduced near-term Iran strike risk.
Impact level
● High
Affected assets
NCSKOPENAI2USD/USDT-3.21%
AI Insight · NCSKOPENAI2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
OpenAI disclosed that annualized revenue reached $50 billion at the end of September, well below the $68 billion figure widely reported previously, reigniting scrutiny of its valuation above $850 billion. CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving it under pressure to back up its lofty valuation. Separately, rival Anthropic is reported to be seeking a $2 trillion valuation for a Nasdaq listing.
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