Why is OpenAI’s annualized revenue $20 billion below earlier estimates?

OpenAI’s annualized revenue is reportedly around $50 billion as of September. This is about $20 billion lower than the earlier estimate of $70 billion.

The earlier $70 billion figure was based on an incorrect comparison with rival Anthropic. Investors reportedly arrived at the $70 billion estimate after comparing how OpenAI and Anthropic calculate their annualized revenue.

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