Woopsie. OpenAI tells Lordstown, Ohio county officials it’s cancelled plans for a multi-gigawatt data center at the Foxconn site. $ORCL $AMD
1. SoftBank’s written admission to Lordstown officials
Lordstown council members specifically asked whether a full-scale data center was…
— Roger (@rdd147) October 8, 2026
OpenAI’s annualized revenue $20 billion less than previously signaled, FT reports
Here are some details:
- The company has recently told investors its revenue was approaching $50 billion on an annualized basis at the end of September, the report said, far short of the $70 billion reported by media outlets, including Reuters, late last month
- The discrepancy arose from attempts by OpenAI’s own investors to produce a direct comparison with Anthropic’s annualized revenue, the FT reported, citing a person with knowledge of the matter
- The pair calculate the figure in different ways, with Anthropic including the revenue from sales via cloud partners such as AWS and Google Cloud, while OpenAI does not, the Financial Times report said
- Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month’s revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups
- OpenAI and its rival Anthropic are potentially preparing to go public, which could give Wall Street a clearer view of their finances, including the sustainability of their rapid revenue growth due to the AI boom
It’s hard to disagree with this. AI could very well be a farce.
The OPEN AI earnings miss today was pretty stunning. https://t.co/zzFzHw7AMY
— QE Infinity (@StealthQE4) October 8, 2026
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