AssetID: 56084135
Headline: UNCAPTIONED: OpenAI Projected To Bring In $20 Billion Less Revenue Than Expected
Caption: OpenAI Projected To Bring In $20 Billion Less Revenue Than Expected. ChatGPT maker OpenAI has told investors it expects revenue of about $50 billion this year, $20 billion below a figure previously indicated to investors. The company had reportedly signalled projected revenue of around $70 billion last month, raising questions about the pace of growth in demand for artificial intelligence. The discrepancy reportedly stems from different methods used to compare OpenAI's projected revenue with rival Anthropic, the company behind Claude. Anthropic includes revenue generated through cloud partners such as Amazon's AWS and Google Cloud in its forecasts, while OpenAI does not. The news weighed on U.S. technology stocks, with the Nasdaq closing 1.4% lower, while Nvidia fell 2.9% and Oracle dropped 5.5%. OpenAI is reportedly in early-stage talks to raise $30 billion in funding at a valuation of approximately $1.4 trillion. OpenAI CEO Sam Altman said last month that the company would not pursue a stock market flotation this year, citing concerns over AI safety. The development comes as OpenAI and Anthropic attract huge investment while lawmakers increase pressure for stronger safeguards governing rapidly developing AI systems. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,OpenAI,Sam Altman,ChatGPT,revenue,Anthropic,Claude,artificial intelligence,AI investment,AI industry,technology stocks,Nasdaq,Nvidia,Oracle,Amazon AWS,Google
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