OpenAI discloses ~$50B annualized revenue, about $20B below earlier investor signals

The gap appears to be mostly an accounting issue: net versus gross treatment of revenue. Even so, it hit sentiment hard and raised questions about how reliable AI companies' financial guidance is.

The New York Times paired the disclosure with scrutiny of OpenAI's safety culture, following fired researchers' claims that they were dismissed for prioritising safety.

The next milestone is whether OpenAI reaches its $70B year-end target. Enterprise deals like Sophos and Asana are the growth story OpenAI wants investors to see.