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AI News Today: OpenAI Revenue Comes In $20B Short

AI News Today: OpenAI Revenue Comes In $20B Short

Published 2 weeks, 2 days ago
Description
OpenAI's annualized revenue is about $20 billion below what investors were led to expect, and AI chip stocks felt it within hours.

DX Today AI Daily Brief - Friday, October 9, 2026

OpenAI tells investors its annualized revenue is close to $50 billion, about $20 billion below what had been signaled, rattling AI stocks, while SoftBank seeks up to $100 billion from Gulf investors for an AI fund. Google Cloud unveils the Gemini agent, a single universal agent for work, and Chinese agent startup Manus raises more than $500 million after its Meta deal was unwound. The White House announces $2.4 billion in computing pledges from eleven tech companies for the Genesis Mission, as a new AP-NORC poll finds most Americans think AI is developing too fast. Nvidia plans to invest in inference chip rival d-Matrix, and GlobalFoundries signs a $2 billion deal to make silicon interposers for TSMC in New York. Arena, the AI model leaderboard, raises $200 million at a $3.1 billion valuation and launches an Alignment Index. Hexaware becomes an Anthropic Preferred Partner, TCS reports annualized AI revenue above $3 billion, and India plans an AI regulation consultation paper within a month.

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