OpenAI revenue reports shake markets

Conflicting reports about OpenAI's annualized revenue unsettled markets on Thursday, with one source citing $50 billion versus earlier expectations of $70 billion, accelerating losses in the tech-heavy Nasdaq index. The Financial Times reported OpenAI told investors its annualized revenue run rate is $50 billion, contrasting with September media reports of $70 billion. A source close to the matter told CNBC the discrepancy stems from revenue derived through partnerships, though OpenAI did not immediately respond to AFP. The initial market reaction highlights investor nervousness about AI sector growth sustainability and profitability timelines for startups like OpenAI and Anthropic. Both companies face scrutiny over undefined annualized revenue metrics, with Anthropic reportedly targeting $100 billion and planned IPOs expected in November 2026 and 2027 respectively.