The Fallout From OpenAI’s Revenue Surprise
News that the artificial intelligence giant’s sales weren’t growing as fast as investors had expected added to concerns about the A.I. boom.
TL;DR
- OpenAI's annualized revenue reached approximately $50 billion, up from $28 billion in the previous quarter.
- The slower-than-expected revenue growth has affected technology stocks.
- Concerns about artificial intelligence include safety and revenue projections.
- A new tool from Yale's Budget Lab allows users to test tax proposals and their revenue impact.
- The federal budget deficit climbed to nearly $2 trillion in the most recent fiscal year.