OpenAI's revenue expectation for this year has been revised down by $20 billion to $50 billion
OpenAI projected to bring in $20bn less in revenue than expected
OpenAI told investors that its revenue this year will reach $50 billion, below the $70 billion expectation it provided to investors last month, a gap of about $20 billion. This difference stems from investors wanting a more direct comparison with Anthropic's revenue accounting: Anthropic includes sales through cloud partners like AWS and Google Cloud, while OpenAI does not. The news weighed on U.S. tech stocks, with the tech-heavy Nasdaq index closing down 1.4% on Thursday, Nvidia down 2.9%, Oracle down 5.5%, and Micron down 4.8%. OpenAI is in early talks for a $30 billion funding round at a valuation of about $1.4 trillion; its most recent funding round was completed in March, raising $122 billion at a valuation of $852 billion. Anthropic is expected to advance its IPO plans as early as next month.