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

What happened: OpenAI told investors its September annualized revenue was almost $50 billion, down from the roughly $70 billion run rate it signaled earlier. The gap came from an attempt to compare directly with Anthropic figures. Key numbers: September annualized revenue almost $50 billion versus about $70 billion previously indicated. Why it matters: The two firms are preparing to go public, which may give Wall Street a clearer view of finances and the sustainability of rapid AI-driven revenue growth. Analysts call annualized run rate a sometimes misleading metric. Coverage: 8 outlets in 24h

OpenAI told investors its September annualized revenue was almost $50 billion, down from the roughly $70 billion run rate it signaled earlier. The gap came from an attempt to compare directly with Anthropic figures.

The two firms are preparing to go public, which may give Wall Street a clearer view of finances and the sustainability of rapid AI-driven revenue growth. Analysts call annualized run rate a sometimes misleading metric.