Big Technology’s Kantrowitz on OpenAI revenue report: Some sloppiness on company’s part

Summary
A CNBC news segment featuring host Scott Wapner and Big Technology founder Alex Kantrowitz analyzing reports that OpenAI’s annualized revenue is approximately $20 billion lower than previously signaled. Kantrowitz discusses OpenAI’s communication missteps, the high concentration of market gains in AI equities, and the potential impact of upcoming IPOs from Anthropic and OpenAI.

What is shown

• Split-screen discussion between the CNBC anchor and Alex Kantrowitz [00:00].
• Lower-third banner reading: “OPENAI ANNUALIZED REVENUES $20 BILLION LESS THAN PREVIOUSLY SIGNALED: SOURCE” [00:03].
• Intraday equity chart overlays reflecting market dips in major AI and semiconductor suppliers:
  • Oracle (ORCL) down 5.78% to $135.25 [01:53].
  • Nvidia (NVDA) down 2.97% to $230.42 [01:58].
  • Advanced Micro Devices (AMD) down 4.88% to $614.32 [02:04].
  • Micron (MU) down 4.85% to $1,035.26 [02:10].
  • Broadcom (AVGO) down 4.83% to $358.32 [02:15].
  • Nasdaq Composite down 1.38% to 27,157.77 [02:20].

Claims & numbers

• A reported source indicates OpenAI’s annualized revenue is $20 billion lower than previously signaled (banner / host).
• Kantrowitz states the Financial Times noted OpenAI initially did not deny the larger revenue estimate before the corrected figure surfaced [00:22].
• The CNBC anchor states that the tech and AI trade comprises roughly 40%+ of the broader stock market [01:34].
• Kantrowitz notes weak S&P 500 market breadth, with the “top seven” heavily driving performance compared to the remaining 493 stocks [01:46].
• Kantrowitz anticipates an Anthropic IPO “within the next couple weeks most likely” and OpenAI’s IPO “next year” [02:10].
• Kantrowitz references leaked S-1 figures from Anthropic showing steep revenue growth outpaced by expanding net losses [03:06].

Notable quotes

• “Yes, it’s a simple accounting issue, but there’s also some sloppiness on OpenAI’s part.” — Alex Kantrowitz [00:15]
• “What we’re seeing today in the S&P 500, and the market more broadly, really does hinge on the performance of OpenAI and Anthropic.” — Alex Kantrowitz [02:03]
• “It’s going to be as much of a narrative as it’s going to be on the balance sheet, but the balance sheet has to back up the narrative.” — Alex Kantrowitz [03:19]

Assessment
A real broadcast news interview and market analysis segment. No technical benchmarks, product demos, or direct software capabilities are demonstrated.

Described by gemini-3.8-flash on 2026-10-10 from the video’s audio and frames.