OpenAI reportedly tells investors it expects $70 billion annualized revenue this year

OpenAI reportedly assured investors it expects to reach a $70 billion annualized revenue target this year, an apparent effort to ease concerns that it is missing earlier projections.

The figures matter because they are seen as a gauge of underlying demand for cutting-edge AI models and a justification for huge spending on tech infrastructure. Some analysts, however, say the annualized revenue metric itself is flawed.