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OpenAI revenue projection reportedly falls short of earlier $70 billion indication

Brievox summary

OpenAI reportedly told investors that its projected revenue for the year is $50 billion, about $20 billion below an earlier indication of $70 billion. Coverage also says the revised figure prompted declines in Nvidia, Oracle and CoreWeave shares; the revenue figures are presented as reported projections, not confirmed results.

4 sourcesFirst reported by Hacker NewsPublished Updated
Image: The Guardian Technology

What we know

Confirmed by several sources

Reported by one source

  • Nvidia, Oracle, CoreWeave and other AI-related stocks fell after the revenue figure was reported. — Techmeme

Open questions

Coverage 4 publishers

  1. Hacker NewsFirst report

    OpenAI annualised revenues $20B less than previously signalled

  2. TechCrunch

    OpenAI’s revenue is reportedly $20 billion less than previously projected

    It had previously been reported that the AI lab's annualized revenue was some $70 billion, but a new report claims it's a whole lot less than that.

  3. Techmeme

    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 September's end was $20B less than previously reported — Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence…

  4. The Guardian Technology

    OpenAI projected to bring in $20bn less in revenue than expected

    Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled beforeBusiness live – latest updatesOpenAI has revealed that it is making about $20bn less in projected revenue than it…

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