OpenAI projected to bring in $20bn less in revenue than expected

They raised $122-123B this year to bring $50 billion revenue, $20B less than expected. Looks like very sustainable business to me. Even if they bring those $68B that’s still 50% burned. Don’t you fucking see it ?

And it's all because their models are super under-optimised.

You'd think otherwise with how capable Opus and Fable are, but it's just because the internal harness hides the thinking process, resulting in wildly improved output at the cost of 3-5x more compute being burned.

If they tossed one of the more capable open models in (looking at you, Qwen3.8/Qwen4), those costs would go down a lot.