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OpenAI’s annualized revenue was just under $50 billion, not $70 billion, according to the FT. The gap stems from accounting methods, but A.I. stocks fell anyway.
AI stocks fell Thursday as new figures put OpenAI’s annualized revenue roughly $20 billion below previous reports, raising questions about the sector’s growth. The ChatGPT maker told investors its annualized revenue was approaching $50 billion at the end of September,...
Tech stocks dropped after a Financial Times report said OpenAI's annualized revenue is roughly $20 billion below earlier figures, raising doubts about AI demand and weighing on the Nasdaq and AI-linked shares.