US lifts sanctions on Russian diesel after Trump-Putin callTrump rules out Iran strikes before midterms as Iran attacks tankers beyond HormuzSaudi Arabia reports three dead at Riyadh airport as UN envoy says Yemen is back at full-scale warPanama counts damage after 7.7 earthquake, canal unaffectedUkraine-US talks open in Florida as Kyiv's grid failsCongo Ebola cases pass 8,700 as Kenya tightens border controls after first deathUS sanctions the International Criminal Court as a wholeEU says China accepts deep cuts to hybrid car exports after Beijing talksEthiopia and Eritrea trade accusations of aggression as fighting spreads in TigrayDrone strike kills about 30 at Sudan displacement campBond selloff persists as Pimco warns of 6% Treasury yieldsHurricane Isaias reaches Gulf coast as offshore oil and gas output is shut inUkraine hits second Yandex data centre and disrupts Moscow air trafficNavi Pillay wins Nobel Peace Prize, Israel denounces choiceUAE says flydubai co-pilot planned suicide attack on Tel Aviv terminalOpenAI revenue about $20bn below reported figure, unsettling AI stocksIran war fuel shock hits airlines and freight as UN cuts growth outlookPentagon plans to livestream firing-squad execution of Fort Hood shooterTrump opens White House inquiry into Fed governor Lisa CookICE agent shoots man in car with child in New YorkIndia shuts down parts of Delhi to block youth protest over voter-roll purgeAnthropic says rogue AI agents tried to access government sitesGaza ceasefire 'exists in name only', more than 100 NGOs sayArrest warrant issued for Eduardo Bolsonaro as runoff polls show tight raceSpaceX spectrum deal hits telecom stocksMontenegro detains Rybar administrator Zvinchuk and moves to expel himUN raises concern over police as French student protests go onIndonesian haze closes Malaysian schools as super El Niño identifiedUS suspends Microsoft, Adobe and others from green card programmeSoftBank seeks up to $100bn from Gulf investors for AIChina adds provincial stimulus as yuan reaches four-year highPalestinian Authority to postpone legislative electionsNvidia-backed Firmus pulls $5bn IPO in SydneySouth Africa withdraws asylum directive after anti-migrant violenceSettler attacks hit West Bank olive harvestLabour holds Starmer's former seat against GreensEurope weighs response to Russian shadow warOversight committee orders special audit of BNDApple cuts iPhone 18 Pro orders on soft demandAirtel Money slips below IPO price in London debutUS moves to disrupt hacking infrastructure run by China's Integrity Tech GroupJapan declares cyber space emergency as attacks soarItaly passes Meloni's electoral reformMerz outraged after Schröder attends Putin's birthdayErik Prince's forces suffer losses in CongoSponsors withdraw from Vilnius disinformation conference amid reported US pressureUS lifts sanctions on Russian diesel after Trump-Putin callTrump rules out Iran strikes before midterms as Iran attacks tankers beyond HormuzSaudi Arabia reports three dead at Riyadh airport as UN envoy says Yemen is back at full-scale warPanama counts damage after 7.7 earthquake, canal unaffectedUkraine-US talks open in Florida as Kyiv's grid failsCongo Ebola cases pass 8,700 as Kenya tightens border controls after first deathUS sanctions the International Criminal Court as a wholeEU says China accepts deep cuts to hybrid car exports after Beijing talksEthiopia and Eritrea trade accusations of aggression as fighting spreads in TigrayDrone strike kills about 30 at Sudan displacement campBond selloff persists as Pimco warns of 6% Treasury yieldsHurricane Isaias reaches Gulf coast as offshore oil and gas output is shut inUkraine hits second Yandex data centre and disrupts Moscow air trafficNavi Pillay wins Nobel Peace Prize, Israel denounces choiceUAE says flydubai co-pilot planned suicide attack on Tel Aviv terminalOpenAI revenue about $20bn below reported figure, unsettling AI stocksIran war fuel shock hits airlines and freight as UN cuts growth outlookPentagon plans to livestream firing-squad execution of Fort Hood shooterTrump opens White House inquiry into Fed governor Lisa CookICE agent shoots man in car with child in New YorkIndia shuts down parts of Delhi to block youth protest over voter-roll purgeAnthropic says rogue AI agents tried to access government sitesGaza ceasefire 'exists in name only', more than 100 NGOs sayArrest warrant issued for Eduardo Bolsonaro as runoff polls show tight raceSpaceX spectrum deal hits telecom stocksMontenegro detains Rybar administrator Zvinchuk and moves to expel himUN raises concern over police as French student protests go onIndonesian haze closes Malaysian schools as super El Niño identifiedUS suspends Microsoft, Adobe and others from green card programmeSoftBank seeks up to $100bn from Gulf investors for AIChina adds provincial stimulus as yuan reaches four-year highPalestinian Authority to postpone legislative electionsNvidia-backed Firmus pulls $5bn IPO in SydneySouth Africa withdraws asylum directive after anti-migrant violenceSettler attacks hit West Bank olive harvestLabour holds Starmer's former seat against GreensEurope weighs response to Russian shadow warOversight committee orders special audit of BNDApple cuts iPhone 18 Pro orders on soft demandAirtel Money slips below IPO price in London debutUS moves to disrupt hacking infrastructure run by China's Integrity Tech GroupJapan declares cyber space emergency as attacks soarItaly passes Meloni's electoral reformMerz outraged after Schröder attends Putin's birthdayErik Prince's forces suffer losses in CongoSponsors withdraw from Vilnius disinformation conference amid reported US pressure
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Symbolic image: OpenAI revenue about $20bn below reported figure, unsettling AI stocksSymbolic image

OpenAI revenue about $20bn below reported figure, unsettling AI stocks

8 sources

OpenAI says its annualised revenue is about $50bn, not the roughly $70bn reported in September. AI-linked shares fell sharply on Thursday.

The Financial Times reported on Thursday, 8 October, that OpenAI had given investors a run rate of close to $50bn. OpenAI said reports of a $70bn run rate were not accurate. The gap stems from accounting: Anthropic books gross revenue from sales via cloud partners, while OpenAI counts only its own share, and investors had tried to make the two comparable. The Nasdaq 100 closed down 1.4%, with Oracle down 5.5%, Nvidia 2.9% and Micron 4.8%, before partly recovering on Friday. The FT says the episode renews calls for both firms to go public or formalise their reporting.

Fired safety researchers dispute dismissal

Researchers Mikita Balesni, Tomek Korbak and Jasmine Wang said on Thursday that OpenAI fired them last week for putting safety first. OpenAI says they breached trust and mishandled sensitive information, which they deny; Korbak says he was told it concerned his communication with the research group METR.

Funding talks continue

According to the Guardian, OpenAI is in early talks to raise $30bn at a valuation of about $1.4tn.

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