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The Financial Times reported on October 8 that OpenAI told investors its end-of-September annualized revenue was near $50 billion — about $20B below the $70B figure previously reported in media. Differences in accounting methodology are the main cause.
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Manus parent Butterfly Effect announced a funding round of over $500 million, co-led by Boyu Capital and IDG Capital. It's the first round since the Meta acquisition was called off and the company resumed independent operations.
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Bloomberg reports OpenAI is in early talks for a new round of at least $30 billion at a pre-money valuation of about $1.4 trillion. CEO Altman also confirmed the company will not IPO in 2026, citing AI safety concerns.