{
  "id": 13167842,
  "title": "[Editor's Pick] OpenAI's $20 Billion Revenue Gap and NVIDIA-Backed Firmus' IPO Withdrawal",
  "url": "https://urgent.news/2026/10/09/editors-pick-openais-20-billion-revenue-gap-and-nvidia-backed-firmus",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-09T17:41:49.000Z",
  "source": {
    "name": "Korea IT Times",
    "slug": "korea-it-times",
    "url": "https://www.koreaittimes.com/news/articleView.html?idxno=157970"
  },
  "original_language": "en",
  "account": "OpenAI's annualized revenue is nearing $50 billion, which is about $20 billion lower than the previously reported $70 billion figure. This discrepancy arises from differences in how OpenAI and its competitor Anthropic report revenue generated through cloud partners. OpenAI does not include sales through Amazon Web Services and Google Cloud in its calculations, unlike Anthropic. This distinction highlights the complexity of assessing AI companies' growth prospects.\n\nMeanwhile, Australian AI data center firm Firmus, backed by NVIDIA, decided to withdraw its plans for a $5 billion initial public offering. The withdrawal occurred after investors raised concerns about the valuation, which was based heavily on future expansion. Firmus had aimed to generate $5 billion in annual earnings from its data center business within five years. The decision to withdraw the IPO reflects the challenges of assigning value to infrastructure projects with uncertain future returns.",
  "summary": "Financial markets are facing a more demanding task in assessing the growth prospects and valuations of artificial intelligence companies. OpenAI's annualized revenue was reported to be approaching $50 billion, approximately $20 billion below an earlier $70 billion figure. Meanwhile, Australian AI data center company Firmus, backed by NVIDIA, withdrew plans for a $5 billion initial public…",
  "key_points": [
    "OpenAI's annual revenue nears $50 billion, $20 billion less than previously reported $70 billion",
    "OpenAI excludes cloud partner sales from Anthropic in revenue calculations",
    "Australian AI firm Firmus cancels $5 billion IPO due to valuation concerns over future expansion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}