Report: OpenAI revenue about $20 billion below earlier projections

A new report claims OpenAI's annualized revenue is roughly $20 billion lower than the earlier-reported figure of about $70 billion. The excerpt does not give the underlying sourcing.

Why it matters: If accurate, it weakens the narrative that frontier-lab revenue is scaling to justify massive compute commitments, such as the chip and debt deals now being struck across the industry. It also lands as OpenAI faces mounting lawsuits and internal safety turmoil, which could affect its fundraising leverage.