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OpenAI revenue reported $20 billion below earlier signals

Original: openai

A CNBC report says OpenAI's annualized revenues are roughly $20 billion less than the company had previously signaled, based on figures circulating in recent coverage. The gap is drawing attention to how quickly the ChatGPT maker can convert its explosive user growth into actual revenue, and to the pressures on its heavy spending on computing and talent.

Why now: Fresh reporting of a large revenue shortfall versus earlier signals is sparking discussion about OpenAI's financials and valuation.

OpenAI CNBC ChatGPT

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Evidence

Tech stocks drop after report that OpenAI’s revenue is lower than expected · CNN
Oracle Stock Crashes After OpenAI's Revenue Gap. Who's Next? · Yahoo Finance
Nasdaq Drops Over 300 Points After OpenAI's Revenue Comes In $20 Billion Short · Yahoo Finance
OpenAI annualised revenues $20bn less than previously signalled · Financial Times
Oil Rise Spurs Fresh Selling in Stocks and Bonds: Markets Wrap · Bloomberg.com
Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report · CNBC
Stocks Sink After OpenAI Report Sours AI Trade · Barron's
OpenAI annualized revenue at $50bn, far below reports - FT · Investing.com
OpenAI annualized revenues $20 billion less than previously signaled: Report · CNBC

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