FT: OpenAI Told Investors Annualized Revenue Was Nearing $50B at End of September, Well Below $70B Media Figure

The Financial Times reports that OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, well below the ~$70 billion figure that circulated in press reports built on earlier investor documents. The gap, if correct, would materially recut the AI-economics debate: the market has been pricing OpenAI's growth off the higher number, and a $20B overstatement reframes both the IPO roadshow narrative and the Blackstone-syndicated chip debt packages tied to the company's compute buildout.