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OpenAI informed investors it expects $50 billion in revenue, a full $20 billion less than the $70 billion projected last month. This shortfall follows a $122 billion raise in March and delays the IPO previously planned for 2026 due to AI safety concerns.
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Summary by ByteBrief

OpenAI Revenue Forecast Hits $70bn
OpenAI Revenue Misses Estimates by $18 Billion

Docs: OpenAI told investors its annualized revenue was nearing $50B at the end of September, well below the $70B reported by media based on investor docs (Financial Times)