Business and economy·October 9, 2026, 11:45

Tech stocks fall: OpenAI expects DKK 133 billion less in revenue

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Technology stocks fell sharply in the US after it emerged that ChatGPT owner OpenAI expects significantly lower revenue than previously announced. At the same time, two major competitors are ready with new AI models.

Technology stocks on the US exchanges fell sharply on Thursday. The cause was the news that OpenAI, the company behind ChatGPT, is not making as much money as previously stated.

OpenAI's annual revenue will be around DKK 133 billion lower than the company has previously announced. Revenue is total income before expenses are deducted.

From 70 to 50 billion dollars

According to the British financial newspaper Financial Times, OpenAI recently told investors that annual revenue is approaching 50 billion dollars, equivalent to DKK 344.1 billion. Previously, the figure was announced as 70 billion dollars. The difference is 20 billion dollars, or around DKK 133 billion.

OpenAI is not yet publicly listed, so you cannot buy shares in the company directly. Instead, the drop hit technology stocks on the US exchanges more broadly.

New models from competitors

At the same time, two of OpenAI's major competitors are ready with new versions of their artificial intelligence. One of them is Europe's leader in the field.