OpenAI tells investors revenue is near $50B, $20B below earlier reports

OpenAI told investors its annualized revenue was approaching $50 billion at the end of September 2026, about $20 billion below the roughly $70 billion figure reported in late September, the FT said. The gap stems from accounting: OpenAI counts only its own share of sales through cloud partners, while the higher estimate matched Anthropic's method of counting full partner sales. AI chip stocks fell on the report.

• OpenAI's annualized revenue neared $50B at the end of September 2026
• The $68–70B estimate counted full sales through cloud partners
• Nasdaq fell 1.25%; Nvidia dropped 2.9%, Oracle 5.5%
• OpenAI seeks $30B at a $1.4T valuation; IPO now eyed for 2027