OpenAI has projected about $50bn in revenue this year, roughly $20bn less than figures it had recently indicated to investors, according to the Guardian.
Key facts
- OpenAI projects this year's revenue at about $50bn (£37bn).
- That figure is around $20bn below the $70bn it had earlier signalled to investors.
- The projection is based on sales up to the end of September.
- The gap raises questions about the pace of growth in AI demand, according to the Guardian.
OpenAI, the maker of ChatGPT, has told investors that its revenue this year is expected to reach about $50bn (£37bn), according to the Guardian. That figure is roughly $20bn lower than the $70bn the company had recently signalled to investors.
The shortfall has raised questions about the pace of growth in demand for artificial intelligence, the Guardian reported. The newly disclosed projection is based on sales recorded up to the end of September.
The Guardian reported that the revised numbers are prompting questions about the break-neck growth rate in AI demand. The source material does not detail the reasons behind the revised figure, and it is not yet clear what accounts for the difference between the earlier guidance and the latest projection.
Why it matters
OpenAI's figures are closely watched within the AI sector, so a $20bn gap between its earlier signals and current projections may shape how investors assess the pace of the industry's growth.
Frequently asked questions
How much revenue is OpenAI projecting this year?
OpenAI has told investors it expects revenue of about $50bn (£37bn) this year, based on sales up to the end of September, according to the Guardian.
How does that compare with earlier figures?
The $50bn projection is roughly $20bn below the $70bn OpenAI had recently signalled to investors, the Guardian reported.
Why does this matter for the AI industry?
The gap raises questions about the break-neck growth rate in demand for AI, according to the Guardian, as OpenAI's figures are widely watched as an indicator for the sector.