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OpenAI reported revenue of $50 billion, which is $18 billion less than the $68 billion forecast from last month. This miss caused stock drops for Nvidia, CoreWeave, Oracle, and Nebius. Meanwhile, Microsoft faces a federal ban on green card applications for employees.
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Summary by ByteBrief
OpenAI Revenue Misses Estimates by $18 Billion

OpenAI Revenue Projection Drops by $20bn

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)