AISiliconANGLEabout 2 hours ago
OpenAI Revenue Report Drops Stocks
4 min read
A Financial Times report reveals OpenAI told investors its annualized revenue is around $50 billion, significantly lower than the previously reported $68 billion figure. This discrepancy caused AI stocks to crumble, with the Nasdaq index falling 1.25% and Oracle Corp. dropping 5.5%. The news rattled investors regarding OpenAI's $852 billion valuation and delayed IPO plans for 2027.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyOpenAI
