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OpenAI Annualized Revenue Misses Estimates
The Nasdaq 100 fell 1.5% as oil rose and OpenAI's annualized revenue came in $20 billion below expectations.
Key points
- OpenAI's annualized revenue came in near $50B, $20B less than previously signaled.
- OpenAI recently told investors its revenues were approaching $50BN on an annualised basis at end of September, far short of the $70BN reported, per FT.
- The Nasdaq 100 extended losses to -1.5% on the day as oil prices rose.
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