Jim Cramer Says OpenAI Revenue Isn't 'Apples to Apples' With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out

The Financial Times reported that OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, below the $70 billion previously reported. Investors had earlier adjusted the figures to match Anthropic's method of counting the full value of sales made through cloud partners. Many commentators framed the $20 billion gap as a difference in revenue accounting rather than a sales decline: Jim Cramer said the numbers are not apples to apples, while Daniel Newman blamed confusion between gross and net revenue. Under its amended Microsoft deal, OpenAI will keep paying Microsoft a 20% revenue share through 2030, and Shay Boloor argued the key question is how much of each AI dollar OpenAI keeps after Microsoft, Amazon and Alphabet take their cut. Market research platform Bull Theory said $500 billion was wiped out of the US stock market on Thursday.

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Original headline: Jim Cramer Says OpenAI Revenue Isn’t ‘Apples to Apples’ With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out

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