GoKawiilOpenAI Revenue Forecast Cut by $20 Billion, FT Reports
The Financial Times reported that internal memos OpenAI sent investors in late September projected annualized revenue approaching $50 billion, roughly $20 billion below an earlier $70 billion figure that had previously circulated among investors. OpenAI had not disputed the higher $70 billion estimate before the new figure emerged. News of the revised forecast coincided with a 1.25% drop in the Nasdaq and nearly 3% decline in Nvidia shares on Thursday.
GoKawiil's interpretation of the reporting above, not reported fact.
The sharp downward revision suggests, according to investors cited in the reporting, that demand for AI services may be weaker than markets had assumed, which could ripple through companies across the AI supply chain. This comes after consulting firm Bain and Co warned the global AI industry would need $6 trillion in annual revenue by 2031 to justify current data-center spending, a target that now appears further out of reach given OpenAI's lowered projections. Because OpenAI is privately held, the full picture of its finances remains uncertain, leaving room for differing interpretations of what the gap means for the broader AI investment boom.
- OpenAI's investor memos reportedly cut annualized revenue projections from $70 billion to about $50 billion.
- Nasdaq fell 1.25% and Nvidia dropped nearly 3% after the Financial Times report.
- Bain and Co estimates the AI industry needs $6 trillion in annual revenue by 2031 to justify data-center investment.
Source: futurism.com — Joe Wilkins, 2026-10-09
Published there as: “AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure”
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