SoftBank pulls the plug on Lordstown’s giant data center dream, OpenAI revenue comes in $20 billion below earlier figures

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

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