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OpenAI to bring in $20 billion less than previously expected

Investors expected more.

Tarun Mottlia

Via Mashable

·Excerpt
OpenAI to bring in $20 billion less than previously expected
Image: Mashable

According to a new report from the Financial Times, OpenAI has informed investors that the company is expected to make $50 billion in revenue for the year.That's a lot of money, but it's also a full $20 billion less than earlier projections from just last month, which predicted the company would earn $70 billion in annual revenue.AI companies like Anthropic and OpenAI are in the midst of an unprecedented infrastructure spending spree, with the AI industry spending trillions on data…

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