Jim Cramer Says OpenAI Revenue Isn’t ‘Apples to Apples’ With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out

What happened: The Financial Times reported OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, below the $70 billion previously reported. Jim Cramer said the figure "isn't apples to apples" with Anthropic. Key numbers: OpenAI annualized revenue near $50 billion versus $70 billion previously reported, a $20 billion gap. Why it matters: Cramer and Futurum's Daniel Newman attributed the gap to gross versus net revenue counting, not falling sales. Futurum's Shay Boloor said aggregate token growth matters more than one lab's revenue number. Market: -1.1% by next close ($259.53 on Oct 12), +12.2% YTD Coverage: 3 outlets in 24h

The Financial Times reported OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, below the $70 billion previously reported. Jim Cramer said the figure "isn't apples to apples" with Anthropic.

Cramer and Futurum's Daniel Newman attributed the gap to gross versus net revenue counting, not falling sales. Futurum's Shay Boloor said aggregate token growth matters more than one lab's revenue number. Market: -1.1% by next close ($259.53 on Oct 12), +12.2% YTD