AIThe Decoder1h ago
OpenAI revenue keeps surging as company seeks $30 billion in fresh
OpenAI revenue keeps surging as company seeks $30 billion in fresh capital
TL;DROpenAI's real revenue is $50B annually, not $70B. Company seeking $30B more funding.
Why it matters: Valuation concerns affect AI sector investment trends and OpenAI's path to profitability.
OpenAI's annualized revenue rate sits at about $50 billion, well below the initially reported $70 billion figure that was based on a different accounting method. The correction sent chip stocks sliding. Meanwhile, OpenAI is negotiating at least $30 billion in fresh capital at a…
Read full articleSource: The Decoder · Opens in new tab