OpenAI's annualized revenue nears $50B, below some prior reports
OpenAI has told investors that its annualized revenue approached $50 billion at the end of September, according to people familiar with the matter. That is up from the prior year but roughly $20 billion below the figures disclosed in some recent reports, including The Information's own. AI-linked stocks including Nvidia, Oracle and CoreWeave fell after the report.
Why it matters: The annualized figure is a key gauge of how fast OpenAI's business is scaling, and coming in under earlier estimates was enough to move AI-related stocks.
References Bloomberg Technology · CNBC Technology · Techmeme · The Information
OpenAI is on track to generate annualized revenue of roughly $50 billion based on its current performance, according to people familiar with the matter, an uptick from the prior year but less than some recently reported estimates for the ChatGPT maker.
This is the outlet's own summary. Read the full story on the original site.
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