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OpenAI annualised revenues $20B less than previously signalled

https://www.ft.com/content/b66a9858-f8fb-46cb-b506-44bfe26fca2a
18•mfiguiere•48m ago

Comments

virtuosarmo•33m ago
Gift link: https://giftarticle.ft.com/giftarticle/actions/redeem/f77156...

Apparently they overstated revenue in an attempt to try to provide a direct comparison with Anthropic's reported metrics.

From the article: "According to a person with knowledge of the matter, the discrepancy arose from attempts by OpenAI’s own investors to produce a direct comparison with Anthropic’s annualised revenues. The pair calculate the figure in different ways, with Anthropic including the revenue from sales via cloud partners such as AWS and Google Cloud, while OpenAI does not. Efforts to “gross up” OpenAI’s annualised revenue led to reports that the group’s annualised revenue had hit $40bn in August. The company has since told investors its revenues have grown more than 70 per cent, leading to the $70bn figure"

zero_shift•20m ago
Not a good day for OpenAI!

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30•mikelgan•26m ago•42 comments

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