Jim Cramer Says OpenAI Revenue Isn’t ‘Apples to Apples’ With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out Radhika Anilkumar Nadig Mon, October 12, 2026 at 6:00 AM EDT 7 min read MSFT +2.38% Trade MSFT on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
OpenAI's annualized revenue may be closer to $50 billion than the $70 billion previously reported, and investors say the $20 billion gap reflects how revenue is counted, not a drop in sales.
The Financial Times reported Thursday that OpenAI told investors its annualized revenue was approaching $50 billion at the end of September.
The newspaper said investors had earlier adjusted the ChatGPT maker's figures to match Anthropic's approach, which counts the full value of sales made through cloud partners.
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast
CNBC host Jim Cramer said OpenAI "reports revenues differently from Anthropic" and that the number "isn't apples to apples."
Open AI reports revenues differently from Anthropic. This number isn't apples to apples..
"The whole OpenAI drama today was people not knowing the difference between gross and net revenue," Futurum Group CEO Daniel Newman said in a post on X.
Jesus. The whole OpenAI drama today was people not knowing the difference between gross and net revenue. 😮💨
— Daniel Newman (@danielnewmanUV) October 8, 2026
Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time
Cramer added that, given his contacts at the company, there is a lack of clarity on whether the FT report is truly new.
I lack real clarity on whether the FT story on OpenAI is "new" news given my contacts at the company. But if FT doesn't take it back.. it doesn't matter
The Financial Times and its reporters George Hammond and Stephen Morris did not immediately respond to Benzinga's request for comment.
Shay Boloor, market strategist at Futurum Equities, argued the sharper question is how much of every AI dollar OpenAI keeps after Microsoft Corp., Amazon.com, Inc., and Alphabet Inc. take their cut.
Under its amended agreement with Microsoft earlier this year, OpenAI will keep paying the company a revenue share through 2030. The share is 20% of OpenAI's total revenue, according to The Information.
For the AI buildout, Boloor said little changes, because "aggregate token growth matters way more than one AI lab's revenue number."
The OpenAI $50B versus $70B revenue debate is hilarious because real question is how much of every AI dollar OpenAI actually keeps after $MSFT, $AMZN and $GOOGL take their cut.For the AI buildout almost nothing changes because those GPUs, memory, networking and power can shift… https://t.co/hWJlPLIXa2
See Also: Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.
Market research platform Bull Theory said $500 billion was "wiped out" of the U.S. stock market Thursday as the OpenAI revenue report fed doubts over AI spending.
Photo Courtesy: ZCOOL HelloRF on Shutterstock.com
Read Next: Think you're saving enough for your kids? You might be dangerously off — see why
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.
For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
For accredited investors looking beyond traditional stocks and bonds, Realberry provides access to institutional-quality real estate investments, including a preferred equity opportunity in the 297-room Hyatt Place Boston Seaport. The firm has invested across multiple property types and markets, with 13 million square feet of real estate across seven U.S. states and $481 million in cumulative distributions paid to investors as of Q4 2025.
Entertainment franchises can become valuable long-term assets when they successfully expand across multiple platforms. Skybound Entertainment, the company behind The Walking Dead and Invincible, develops original intellectual property that spans comics, television, film, video games, merchandise, and licensing. With more than 250 IPs in its portfolio and a strategy focused on retaining franchise rights while scaling successful stories across media, Skybound offers investors exposure to the growing entertainment and creator economy through a private company rather than traditional public market investments.
As artificial intelligence drives a surge in electricity demand, reliable power generation is becoming a critical part of the technology ecosystem. American PowerGen is developing natural gas-fired power plants in Texas, a fast-growing market fueled by AI data centers, manufacturing expansion, and population growth. By advancing projects through permitting, fuel supply, and grid interconnection, the company is positioning itself to help meet rising energy needs while offering investors exposure to the infrastructure supporting the next wave of AI and industrial growth.
As AI coding tools take on more of the work traditionally done by developers, companies are facing new challenges around code quality, context and the rising cost of AI-powered development. Bito is building software designed to help AI coding agents better understand complex codebases while helping companies control AI development costs. Founded by former PubMatic executives, Bito has raised more than $10 million from institutional and individual investors and is now raising additional capital through a Wefunder offering, giving investors an opportunity to invest in a company targeting an emerging need within the rapidly expanding AI software market.
For accredited investors looking beyond stocks and traditional real estate opportunities, DLP Capital provides access to private real estate strategies focused on workforce housing — homes for essential workers such as teachers, nurses, firefighters, and police officers. With more than $5.5 billion in assets under management and a community of 4,000+ accredited investors, DLP Capital gives investors access to real estate strategies designed around the growing need for housing that working Americans can actually afford.
Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.
Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
