OpenAI anticipates that by the end of 2026, its annualized revenue will reach or exceed $70 billion, with growth primarily driven by enterprise operations. Several hours earlier, it was reported that OpenAI's annualized revenue was approximately $50 billion as of the end of September, falling short of the previously known $70 billion target, which raised investors' concerns about the return on massive investments in artificial intelligence and led to a significant decline in US stocks, particularly tech stocks. However, the latest news indicates that OpenAI is still on track to achieve the revenue target it previously communicated to investors, prompting a rebound of approximately 0.5% in the Nasdaq 100 index futures.
