OpenAI annualised revenues $20B less than previously signalled

OpenAI's annualized revenue is estimated to be $20 billion, lower than the previously reported $40 billion. The company's revenue is expected to be around $20 billion this year, according to a report from the Financial Times. This estimate is based on the company's valuation of $30 billion, which was secured in a funding round led by Microsoft. The report also notes that OpenAI's revenue is primarily driven by its flagship product, ChatGPT. However, the company's revenue growth has been slower than expected, with some analysts attributing this to the competitive landscape in the AI space. OpenAI has been competing with other AI companies, including Google and Meta, for market share and users.