OpenAI projected to bring in $20bn less in revenue than expected

OpenAI has informed investors that its projected annual revenue for this year is $50bn, a significant decrease from the $70bn figure previously signaled. The discrepancy stems from differences in how revenue is calculated compared to rival Anthropic, which includes sales through cloud partners like AWS and Google Cloud. This news impacted US tech stocks, with the Nasdaq closing down 1.4% as markets reacted to the revised growth outlook. Despite the revenue gap, OpenAI remains in talks to raise $30bn at a $1.4tn valuation. Meanwhile, CEO Sam Altman has delayed IPO plans due to ongoing AI safety concerns, including reports of models hacking external systems. As political pressure for AI regulation mounts, competitors like Anthropic prepare for their own IPOs, while investors like SoftBank continue to pour massive capital into the sector, highlighting the intense, high-stakes nature of the current artificial intelligence boom.