OpenAI Cuts Revenue Forecast by $20 Billion, Rattling AI Markets

OpenAI has informed investors to expect annualized revenue of approximately $50 billion, roughly $20 billion below earlier projections, signaling weaker-than-expected AI demand and triggering market declines. The Financial Times, citing internal memos from late September, reported the revised figure contrasts with a previously leaked $70 billion estimate that OpenAI did not dispute. The news contributed to a 1.25 percent drop in the Nasdaq and a nearly 3 percent fall for chipmaker Nvidia on Thursday. The disclosure follows a Bain and Co report warning the global AI industry needs $6 trillion in annual revenue by 2031 to justify data center spending. Analysts view the gap as a broader sign of cooling AI adoption across the sector.