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Tech stocks fell after a report revealed OpenAI annualised revenue was $US20 billion less than previously signalled. This miss caused a sea of red across technology and AI infrastructure, leading investors to take exposure off the table and become more selective about future growth prices.
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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