OpenAI’s revenue run rate nears US$50 billion, less than reported
The chatbot maker has said it no longer expects to IPO this year, as it focuses on addressing safety concerns
OpenAI's revenue run rate is nearing $50 billion, according to people familiar with the matter. This is an increase from the previous year but less than some previously reported estimates.
The company's revenue figure was recently reported to be lower than widely reported, causing shares of Nvidia, Oracle, and CoreWeave to fall. A previous report had suggested OpenAI's annualized revenue was approaching $70 billion, but the company has now told investors the real figure is around $20 billion lower.
The Financial Post reports that OpenAI's current performance indicates an annualized revenue of roughly $50 billion. This figure was confirmed by The Financial Times, which noted that OpenAI calculates its annualized revenue differently than some of its competitors, such as Anthropic.
Brief written by urgent.news from Financial Post, Techmeme, Quartz, TechCrunch — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- OpenAI annualised revenues $20B less than previously signalled dev.to
- OpenAI’s revenue is reportedly $20 billion less than previously projected techcrunch.com
- Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at September's end was $20B less than previously reported (CNBC) cnbc.com
- OpenAI annualised revenues $20bn less than previously signalled ft.com
