OpenAI disclosed to investors that its annualized revenue as of late September approached $50 billion, significantly lower than previous market expectations. The figure represents a $20 billion shortfall from earlier reports suggesting the AI company had reached $70 billion in annualized recurring revenue. The updated guidance contrasts with prior estimates cited by Axios, which indicated OpenAI was nearing the $70 billion milestone. The revision highlights a notable gap between widely circulated projections and the company's actual financial performance heading into the final quarter of the year.