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OpenAI tells investors annualized revenue was about $50B at end of September
OpenAI told investors it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the $68 billion figure widely reported late last month. A person familiar said the $68 billion figure included gross revenue from OpenAI's partners, and that OpenAI cited 77% total run rate growth in its third quarter.
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Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Key Points AI stocks, including Nvidia, Oracle and CoreWeave, sank after the market learned more details about OpenAI's revenue. OpenAI told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure widely reported late last month. A person familiar with the matter said the $68 billion figure included gross revenue from OpenAI's partners, which helps investors make a more direct compar…