tech
April 29, 2026
AI investors stay bullish after OpenAI revenue miss
It's still early innings in the competition between OpenAI and Anthropic
TL;DR
- Investors remain bullish on AI despite OpenAI missing revenue targets.
- The AI race is considered to be in its early stages with no single winner expected.
- High compute costs are expected to be offset by AI labs raising prices, leading to positive net revenue.
- There is increased investor skepticism towards OpenAI, with Anthropic and Google's Gemini seen as strong competitors.
- OpenAI has focused on making 'everything' its total addressable market, while Anthropic targets enterprise and Google targets consumers.
- OpenAI previously shifted focus to growing its enterprise business, including Codex subscriptions which now have 4 million users.
- Upcoming earnings reports from major tech companies will provide more clarity on demand and revenue.
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