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ClosedTech

OpenAI revenue shortfall report

OpenAI told investors it expects about $50 billion in revenue this year, roughly $20 billion below the $70 billion it had signalled, raising questions about AI demand growth.

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8 Oct
The latest development

ReutersThu 8 Oct · 21:45 UTC

OpenAI's annualized revenue $20 billion less than previously signaled, FT reports OpenAI's annualized revenue is about…

01Developments

Developments

Friday 9 October

1 development
  1. 08:04 UTC· the latest

    OpenAI tells investors 2026 revenue will be about $50bn

    Based on sales through September, OpenAI cut its 2026 revenue projection to $50 billion from the $70 billion signalled earlier.

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSFri 9 Oct, 08:04

      OpenAI projected to bring in $20bn less in revenue than expected for header Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled beforeOpenAI has revealed that it is making about $20bn less in projected revenue th
      The original post

Thursday 8 October

1 development
  1. 21:45 UTC

    FT: OpenAI revenue $20 billion below signalled

    Documents shared with investors show lower annualized revenue, and Nvidia, Oracle and CoreWeave shares fell.

    2 sourcesTechmeme, Reuters
    • TechmemeRSSThu 8 Oct, 19:20

      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: Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at Septe
      The original post
    • ReutersBlueskyThu 8 Oct, 21:45

      OpenAI's annualized revenue $20 billion less than previously signaled, FT reports OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported ​on Thursday, citing financial documents shared with investors.
      The original post