Nasdaq Drops After Report of OpenAI's Annualized Revenue Being $20 Billion Short of Earlier Figures

The Nasdaq 100 fell over 300 points following a report that OpenAI's annualized revenue was approaching $50 billion at the end of September, approximately $20 billion below figures widely reported last month. The discrepancy reportedly stems from differences in accounting methods, with OpenAI not counting sales made through cloud partners like Amazon Web Services and Google Cloud, unlike Anthropic.