A little over a week ago, OpenAI’s annual revenue was reported to be a staggering $70 billion, but now the figure is said to be closer to $50 billion, a drop of $20 billion. This comes as the AI lab attempts to justify the significant investments being made on its behalf, with its March funding round raising an impressive $122 billion. The discrepancy in revenue figures, which are calculated differently by OpenAI and Anthropic, has raised questions about the company’s financial health and its ability to sustain its ambitious projects.

The Financial Times reports that the company has informed investors of the lower revenue figure. The $70 billion figure was based on information shared with investors and was devised by OpenAI’s own investors to make a direct comparison with Anthropic’s annualized revenues. This change in figures has troubled the company, as its leaked 2025 financials showed that it had made about $13 billion but spent significantly more.

The issue of OpenAI’s revenue has been a contentious one, with the company’s IPO, previously rumored to materialize this year, now pushed off until early 2027. TechCrunch has reached out to OpenAI for comment, but as of yet, no response has been received.

With less revenue, the question remains: will this financial setback affect OpenAI’s ambitious projects and the direction of its research? Time will tell as the company continues to navigate these challenging financial waters.