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8m ago11.18 CESTMark SweneyOpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI. This industry-specific development has drawn attention from market participants. 8m ago11.18 CESTMark SweneyOpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI. The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September. However, this is significantly less than the $70bn that it had signalled in information provided to investors last month, which was widely reported. Financial Performance The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September. However, this is significantly less than the $70bn that it had signalled in information provided to investors last month, which was widely reported. Earnings Breakdown Revenue growth trends and drivers Margin performance and operational efficiency Segment performance breakdown Forward guidance and outlook

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For complete details on this development, refer to the original report from Guardian Business.

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