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

Forecasts of annual revenues by leading AI players are closely watched by markets as an indicator of overall demand for the tech, which is attracting huge investment. Photograph: Jeff Chiu/AP

OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI.

The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September.