Reports say OpenAI’s annualized revenue is around $50 BILLION, roughly $20 BILLION below previously reported expectations.
The news has raised fresh concerns about massive AI spending and valuations, triggering a sharp sell-off across major AI stocks.
The U.S. stock market lost hundreds of billions in market value during the decline, while investors reassessed whether AI spending can justify current valuations.
The AI trade is facing another major reality check.
BREAKING: 🇺🇸 Senate Republicans are pushing to turn Trump’s voluntary AI safety agreement into legally binding law.
Senate Majority Leader John Thune says Congress is considering legislation that would make AI safety requirements enforceable instead of leaving them to voluntary commitments.
Republicans remain divided, with some calling for stricter rules while others argue AI companies should regulate themselves.
Sen. John Kennedy questioned whether AI firms will prioritize safety over IPO profits.
The key question: Will Washington impose legally binding AI safety rules on companies like OpenAI, Anthropic and Google?
BREAKING: 🇺🇸 Vice President JD Vance says Microsoft has been suspended from a U.S. program that allows H-1B workers to apply for employment-based green cards.
Vance accused Microsoft of laying off American workers and replacing them with foreign H-1B workers.
The administration is also targeting several other major companies, including Cognizant, Infosys, Tata, Wipro, Capgemini and Adobe.
Microsoft has not immediately commented.
The move marks another major escalation in the Trump administration’s crackdown on the H-1B immigration system.
BREAKING: 🇺🇸 The U.S. Treasury will provide a one-time $1,000 contribution to eligible children born between 2025 and 2028 through the new Trump Accounts program.
The money will be invested in the child’s account rather than simply handed to parents.
With roughly 3.5 million eligible births per year, the program could direct around $3.5 billion annually into these accounts.
A new generation is being introduced to investing from birth.
BREAKING: 🇺🇸 JPMorgan is providing input as Solana launches a new institutional settlement system designed to settle tokenized trades onchain in seconds.
Solana DvP is built for financial institutions and aims to enable faster, atomic delivery-versus-payment settlement.
JPMorgan’s involvement adds major Wall Street credibility to Solana’s push into institutional finance.
The race to bring traditional markets onchain is accelerating.
🔥 MASSIVE: Cathie Wood’s ARK Venture Fund has an estimated $69 MILLION bet on OpenAI, with the AI giant making up roughly 8.6% of the fund’s portfolio.
That’s reportedly the HIGHEST OpenAI portfolio concentration among major public funds tracked by Bloomberg Intelligence.
Fidelity has more dollars invested, with Contrafund holding an estimated $408 MILLION position — but that represents just 0.2% of the fund.
OpenAI was last valued at $852 BILLION and is reportedly targeting a new funding round at around a $1.4 TRILLION valuation.