Openai's revenue revised down by $20 billion

OpenAI's annualized revenue has been revised downward by $20 billion, according to recent reports. Previously, the company's revenue was estimated at $70 billion, based on data shared with investors for comparison with Anthropic. However, the updated figure stands at $50 billion, reflecting differences in how AI firms account for revenue through partner sales. Both companies are GAAP compliant, but their methodologies for reporting revenue differ. The $70 billion figure was an attempt to 'gross up' OpenAI's revenue using Anthropic's approach, as per sources. In public markets, investors typically prefer actual revenue over financial constructs more suitable for early-stage startups. Anthropic, meanwhile, has reportedly achieved an operating profit in the second quarter, though these figures exclude stock-based compensation, according to the Financial Times.