CNBC Daily Open: What Happened to the $20 Billion?
The company said annualized revenue reached $50 billion, a figure that fell $20 billion short of a widely reported estimate and rattled investors.
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U.S. technology futures rebounded on Friday, following a report on OpenAI revenues below $20 billion (€17.8 billion), which led to a 1.25% decline in Nasdaq and hit chip manufacturers and cloud giants.
OpenAI's revenue figure drops from around 64 billion euros to 46 billion euros. A massive gap that raises questions on its trajectory.
OpenAI is heading towards an annualized revenue rate of about $50 billion. The level marks a significant increase compared to the previous year, but is lower than some previously presented estimates for the company developing ChatGPT. In September, some publications reported that OpenAI would already have reached an annualized rate [...]
OpenAI revenue falls short, models play hopscotch and Trump cracks down on tech green cards
I’m not going to call the bursting of artificial intelligence bubble yet, not with all that money still pouring into every hardware and software company with AI in their pitch decks. But we got a little taste this week. OpenAI told investors this week that it actually had $18 billion less revenue than the $68 […] The post OpenAI revenue falls short, models play hopscotch and Trump cracks down on tech green cards appeared first on SiliconANGLE.
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