OpenAI tells investors its annualized revenue reached about $50 billion

The figure was reached at the end of September, CNBC confirmed, and falls below the $68 billion estimate previously reported. Bloomberg says the revenue run rate is higher than the prior year. Shares of Nvidia, Oracle and CoreWeave fell following the disclosure, with Quartz reporting that the declines occurred Thursday.

Covered by 3 publishers within 2 hours of the first report.

• Quartz: OpenAI says its annualized revenue is actually $50 billion, not $68 billion

Reporting3

BL Bloomberg OpenAI’s Revenue Run Rate Nears $50 Billion, Less Than Reported · Rebecca Torrence and Shirin Ghaffary 1:04 PM

CN CNBC Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report 2:18 PM

QZ Quartz OpenAI says its annualized revenue is actually $50 billion, not $68 billion · Cris Tolomia 2:50 PM

Discussion

Y Hacker News 342 points, 237 comments

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Topics OpenAIOracleNvidia