OpenAI told investors annualized revenue neared $50B, not $70B

OpenAI told investors its annualized revenue was approaching $50B at the end of September, according to documents cited by the Financial Times. That is well below the $70B widely reported by media based on investor documents.

• OpenAI cited annualized revenue nearing $50B at end of September
• Media had reported $70B based on investor documents
• The gap between the two figures is about $20B