OpenAI projects $50bn revenue, $20bn below its earlier investor signal

OpenAI told investors it expects $50bn in revenue this year, about $20bn less than the $70bn it had signalled last month. The gap stems partly from comparing with Anthropic, which counts revenue sold through cloud partners such as AWS and Google Cloud, while OpenAI does not. The news weighed on US tech stocks, and OpenAI is in early talks to raise $30bn at a valuation of about $1.4tn.