OpenAI's revenue run rate is $20 billion below last month's reports.
The Financial Times reported on Thursday that OpenAI told investors about $50 billion in annualised revenue. Reports last month said $68 billion, a figure that added partners' gross sales. Nvidia, Oracle and CoreWeave shares all fell the same day.
Why it mattersChipmakers and cloud firms are priced on OpenAI's growth, so its real size matters. The gap came from how the number was built, not from a shrinking business.
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