A 36Kr-republished analysis by Haitian Invest argues markets overreacted to the reported drop in OpenAI's ARR from about $70B to $50B: the $70B figure is closer to a gross-revenue basis including Microsoft's cut and cloud-channel distribution, while the $50B comes from the Financial Times citing investor-facing net revenue, leaving roughly a 10% (about $6B) gap after adjustments. The piece says OpenAI's recent monthly growth has averaged about 10% versus about 3% for Anthropic, and cites an a16z report that roughly half of US users have tried AI, about a quarter use it daily and under 3% pay, while warning that Co-Working use cases are harder to validate than coding.

OpenAI·Anthropic·Microsoft·+4