OpenAI Revenue Falls Short by 20 Billion

Financial documents show OpenAIs annualized revenue reached nearly 50 billion dollars in September. This figure trails earlier media reports of 70 billion due to differing calculation methods used by investors.

Insights:
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

OpenAI's annualized revenue reached $50 billion at the end of September, falling $20 billion short of previous media estimates. Financial documents shared with investors revealed the discrepancy on Thursday afternoon. The lower figure highlights contrasting calculation methods among competing artificial intelligence developers.

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