OpenAI is telling investors its annualized revenue is roughly $50 billion as of the end of September, according to multiple reports. That figure is lower than a widely circulated estimate that suggested about $68 billion, and other reporting had put OpenAI closer to $70 billion. Several outlets report that related AI stocks including Nvidia, Oracle, and CoreWeave fall after the updated revenue figure becomes public.
The outlets largely describe the same update: OpenAI’s current run-rate is around $50 billion and represents an increase from the prior year, but it does not match earlier projections reported by others. One outlet also reports that OpenAI no longer expects to pursue an IPO this year, citing a continued focus on addressing safety concerns. The overall coverage centers on how the revised revenue message affects market expectations for OpenAI’s growth trajectory.
