OpenAI has told investors its 2025 revenue will reach $50bn, $20bn below the $70bn it indicated last month. The gap stems from differing accounting for cloud partner sales. The news hit US tech stocks, with the Nasdaq falling 1.4% and Nvidia dropping 2.9%. OpenAI is in talks to raise $30bn at a $1.4tn valuation.
OpenAI Cuts Revenue Forecast by $20bn, Shaking Tech Stocks
Source: theguardian.com