OpenAI Tells Investors Annualized Revenue Near $50B, Below Earlier $68B Estimate; AI Stocks Fall
Overview
OpenAI told investors its annualized revenue was roughly $50 billion at the end of September, below the $68 billion figure widely reported the previous month, and AI-linked stocks including Nvidia, Oracle, and CoreWeave fell after the update. CNBC confirmed the figure from an investor presentation. A person familiar with the numbers said the earlier $68 billion included partner gross revenue, while SiliconANGLE, citing the Financial Times, says the newer figure is based on net revenue, reflecting how OpenAI and Anthropic count cloud partners' sales differently. Accounts of the size of the gap differ: the Financial Times and TechCrunch put it at about $20 billion, and this overview does not reconcile them. OpenAI is weighing a funding round of around $30 billion without a finalized term sheet, and reportedly now targets an IPO in 2027. CNBC's Jim Cramer argued the sell-off shows the value of diversification; this is his opinion.
AI-generated from articles · Updated 3m ago
Developments
3 developments
- Oct 8, 18:15 · 1 articleCramer Says AI Stock Sell-Off Shows Value of DiversificationCNBC · Technology: Cramer Says AI Stock Sell-Off Shows Value of Diversification
- Oct 8, 14:19 · 3 articlesOpenAI told investors about $50 billion annualized revenue, below the widely reported $68 billion figure, and AI stocks fellSiliconANGLE · AI: AI stocks fall after OpenAI's annualized revenue report comes in lower than expected
- Oct 8, 13:27 · 1 articleSemiAnalysis questions OpenAI's annualized revenue after FT reportSemiAnalysis: When does OpenAI launch an agent swarm for a lean proof on their actual annualized recurring revenue? https://x.com/FT/status/2108238721820614886
Article timeline
Follow the coverage from different perspectives.
- SiliconANGLE · AIAI stocks fall after OpenAI's annualized revenue report comes in lower than expected
A Financial Times report said OpenAI told prospective investors its annualized revenue is approaching $50 billion, far below the $68 billion widely reported two months earlier. The difference reflects a shift from gross revenue including partner revenue to net revenue, and the Nasdaq fell 1.25% as Oracle, Intel and CoreWeave dropped sharply. The source links the reaction to OpenAI's $852 billion valuation and planned IPO, which it now reportedly targets for 2027.
- CNBC · TechnologyCramer Says AI Stock Sell-Off Shows Value of Diversification
CNBC's Jim Cramer said Thursday's AI stock sell-off, which followed a Financial Times report that OpenAI's annualized revenue was about $20 billion below previously signaled levels, shows why investors need diversification. Oracle fell 5.5% and Broadcom dropped 4.35%, while Home Depot rallied as Treasury yields eased. Cramer argued that concentrated portfolios risk panic-selling and missing a recovery.
- CNBC · TechnologyAI stocks fall after OpenAI revenue figure comes in below earlier reports
OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, below the $68 billion figure widely reported last month. Nvidia, Oracle, and CoreWeave shares fell on Thursday, with a person familiar saying the $68 billion figure included partner gross revenue. OpenAI is also weighing a possible funding round of around $30 billion and has not finalized a term sheet.
- TechCrunch · AIOpenAI's annualized revenue reportedly about $20 billion below earlier estimates
OpenAI has reportedly told investors its annualized revenue is approaching $50 billion, about $20 billion below a previously reported $70 billion figure. The Financial Times reports the earlier number came from investor attempts to compare OpenAI with Anthropic, which counts cloud partners' sales differently. OpenAI's IPO has reportedly been pushed to early 2027.
- DeedyOpenAI's annualized revenue reportedly reaches $50B, below earlier $70B report
According to investor materials cited in the post, OpenAI's annualized revenue was $50B at the end of September, up from $30B in July and below the $70B previously reported. The post also notes Anthropic was at $65B annualized at the end of July.
- SemiAnalysisWhen does OpenAI launch an agent swarm for a lean proof on their actual annualized recurring revenue? https://x.com/FT/status/2108238721820614886
When does OpenAI launch an agent swarm for a lean proof on their actual annualized recurring revenue? https://x.com/FT/status/2108238721820614886
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