OpenAI Revenue Run Rate Nears $50 Billion as Nasdaq Falls More Than 1%

OpenAI’s annualized revenue was approaching $50 billion at the end of September, about $20 billion below the previously cited $70 billion figure while major technology stocks declined Thursday.

The Nasdaq fell more than 1% Thursday, Oct. 8. Oracle shares dropped more than 5%, while Nvidia, AMD and Microsoft also moved lower.

The earlier $70 billion figure had circulated after information was provided to investors. OpenAI recently told investors that its annualized revenue was nearing $50 billion.

The updated figure follows earlier coverage of OpenAI’s $70 billion annualized revenue estimate.