The ChatGPT maker shared the revenue figures with investors in talks to raise $30 billion or more. OpenAI is discussing a valuation of about $1.4 trillion before the new investment and is in talks with United Arab Emirates funds, including MGX, to anchor the round, Bloomberg reported.
The forecast followed a Financial Times report that OpenAI's September revenue run rate was about $20 billion below the $70 billion figure previously circulated. The discrepancy stemmed from investors adjusting OpenAI's figures to match Anthropic's accounting, which includes sales through cloud partners such as AWS and Google Cloud that OpenAI excludes. That report sent Oracle shares down more than 5% and deepened losses in Nvidia, AMD and Microsoft.