OpenAI Revenue Shortfall Sparks AI Bubble Fears, Nasdaq Drops

A Financial Times report indicates OpenAI's annualized revenue is about $20 billion below what the company had indicated to investors, according to documents shared with investors. This has reignited concerns about AI startup demand and fears of a sector bubble, dragging down the Nasdaq. The discrepancy between reported and actual revenue is uncertain, but the market reaction reflects heightened sensitivity to AI valuations.