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- OpenAI's annualized revenue said to be closer to $50B, not $70B
The Information reports that the widely circulated figure of $70 billion in OpenAI annualized revenue was far off, and that the company is generating closer to $50 billion. After a Financial Times report of the lower number on Thursday, shares of chip firms and neoclouds including Nvidia, CoreWeave and Nebius fell. The piece argues that multiplying one month's revenue by 12 is a poor substitute for a fuller picture of a company's performance.
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