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OpenAI reportedly told investors its annualized revenue is approaching $50 billion, which is $20 billion less than the previously projected $70 billion figure. This adjustment follows a March funding round where the company raised $122 billion. Consequently, the anticipated IPO has been pushed off until early 2027.
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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 Corrects Revenue to $50 Billion

OpenAI Revenue Falls Short of Estimates