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Asian stocks dropped on tech jitters after a Financial Times report stated OpenAI's annualized revenue was $20 billion below previously signaled levels, tracking roughly $50 billion. This data adds to investor concerns regarding AI spending and data center costs ahead of earnings.
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Summary by ByteBrief

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)

OpenAI Cuts Revenue Forecast to $50 Billion
OpenAI Revenue Report Dampens AI Stock Rally