OpenAI says $50B, not $70B, and Labor freezes Perm filings for Microsoft and Adobe
OpenAI gave investors a revenue figure about twenty billion dollars below what earlier reports said, and the market reacted before anyone explained what each number counts. The rest of the episode follows the same pattern of claims that are easier to state than to check.
CNBC on the OpenAI revenue report confirms the roughly $50 billion annualized figure and the drop in Nvidia, Oracle and CoreWeave shares; no one has yet published what the $50 billion and the earlier $70 billion each count.
CNBC on the fired researchers carries OpenAI's statement that the decisions were not about raising…
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