Part of The Rogue AI Crisis · 14 stories · since Sep 22 · newest 9h ago
OpenAI's revenue signal turns murky, rattling AI stocksTech stocks sell off on the revenue report
3 Oct 8 5:00 PM · 5d ago · 10 articles · 7 posts · 6 comments · 6 sources · development 3 of 7
US markets fell after the FT report, with the Nasdaq down about 1.25% and the S&P 500 down 0.47% on the day; Nvidia dropped nearly 3% as AI-supply-chain names were hit hardest.
“For those that care about the truth: This is a non-story.”
qwerasdf5, commenter · hn ↗OpenAI AI company at center of the revenue disputeFinancial Times Outlet that broke the revenue discrepancyAnthropic Rival AI lab used as revenue comparison pointNvidia Chipmaker affected by the market reaction
The whole story articlesvideospostscomments the bright band is this development · numbered dots are the others · click one to jump
Reported in the same hours no headline names this development itself — these 3 claims were published in its stretch
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first by Channel News Asia, 5d ago · also Investing.com News, Reuters, Bloomberg
2 more headlines
- OpenAI’s September annualized revenue nears $50 billion, less than previously indicated, source says Investing.com News · 5d ago
- OpenAI’s Revenue Run Rate Nears $50 Billion, Less Than Reported Bloomberg.com · 5d ago
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first by Bloomberg Tech, 5d ago · also Seeking Alpha, Yahoo Finance, Bloomberg
1 more headline
- OpenAI reportedly targets $70B annualized revenue by end of 2026 Seeking Alpha · 5d ago
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3 outlets Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’
first by MarketWatch, 5d ago · also The Hindu, RTÉ
1 more headline
- OpenAI revenue gap report rattles AI stocks The Hindu · 5d ago
What people said 6 voices · best of 8 · verbatim
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> OpenAI is under pressure to justify its $852 billion valuation to investors as it gears up for what is widely expected to be a blockbuster IPO. OpenAI confidentially filed its prospectus with regulators in June, and executives have signaled that the company is eyeing a 2027 debut.> Anthropic is also readying for a major IPO. The company has not…
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For those that care about the truth: This is a non-story.The $70b estimate was based on a comparison to Anthropic, which includes revenue from cloud providers. OpenAI does not include this in their numbers.So, the number did not come from OpenAI. It was an accounting mistake made by some investors and media, who did not adjust for this before…
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Honest question, everyone really hates annualized revenue, but how else do you measure the revenue for a company that is (presumably) growing so much month over month? You can't just state revenue projections because they are growing too fast for them to ever make much sense.Obviously for fast-growing companies, they always want to overstate their…
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> As OpenAI bides its time, the company is engaging in early stage discussions with investors about a potential new funding round. The company could raise around $30 billion, CNBC previously reported, but that figure could change.I predicted last month when they launched Luna that they had raised more funding and I suspect this tidbit dropped to…
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Do you know who is not surprised by this? Ed Zitron, and anyone who has read his articles or anyone who have looked into these companies at any level deeper than "AI do cool things! AI must be good investment! AI must make much money!"
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What’s it called when you misstate revenue while also taking money from investors?
All 7 developments of OpenAI's revenue signal turns murky, rattling AI stocks →
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