OpenAI revenue keeps surging as company seeks $30 billion in fresh capital

OpenAI's annualized revenue rate sits at about $50 billion, well below the initially reported $70 billion figure that was based on a different accounting method. The correction sent chip stocks sliding. Meanwhile, OpenAI is negotiating at least $30 billion in fresh capital at a $1.4 trillion valuation.

The article OpenAI revenue keeps surging as company seeks $30 billion in fresh capital appeared first on The Decoder.

This article has been indexed from The Decoder

Read the original article: