Tannor Manson
@Futurenvesting
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Joined January 2022
566 Following 53.1K Followers
Strap in for another wave of AI spending fears.
OpenAI says ARR is closer to $50b vs expectations of $70b.
This is going to scare many of the cloud names, but especially $MSFT & $ORCL, which have close ties to OpenAI specifically.
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OPENAI RECENTLY TOLD INVESTORS ITS REVENUES WERE APPROACHING $50BN ON AN ANNUALISED BASIS AT END OF SEPTEMBER, FAR SHORT OF THE $70BN REPORTED - FT
