OpenAI’s annualized revenue was roughly $50 billion at the end of September. The $68 billion figure reported last month included revenue from partners.
Those are different measures for a company under pressure to justify an $852 billion valuation.
OpenAI’s Growth Is Fast, but the Revenue Measure Matters
CNBC confirmed the roughly $50 billion figure. A person familiar with the matter said the $68 billion figure included gross revenue from partners. The same person said OpenAI’s investor presentation reported 77% total run rate growth in the third quarter and 107% run rate growth for its enterprise business.
AI shares fell on Thursday as investors weighed the new detail. Nvidia fell 3%, Oracle 6%, and CoreWeave 8%. Advanced Micro Devices and Broadcom each fell 5%. Intel and Super Micro Computer each fell 6%.
OpenAI closed a $122 billion funding round in March. It is discussing another round that could raise around $30 billion, though no term sheet has been finalized. CFO Sarah Friar said last week that the company is still “very well capitalized.” OpenAI filed a confidential prospectus in June, and executives have signaled a possible 2027 debut.
The company also said it pulled plans to launch GPT-6.1 Astra because the model did not meet its safety standards. In September, CEO Sam Altman called the moment “ill-advised” for going public, in part because of safety concerns.
Anthropic’s figures need their own careful reading. It told investors its annualized revenue run rate reached $65 billion at the end of July and is reportedly seeking a $2 trillion valuation. Reuters, citing a leaked prospectus, reported $4.6 billion in 2025 revenue and a $42 billion net loss. New Constructs valued Anthropic at $150 billion.
Meta Has Paid Tiers for Muse, but No Shopping Plan Yet
Meta introduced Muse with a free tier and plans costing $20 or $100 a month. Meta says the agent can book appointments, fill out forms, and monitor home security camera feeds. It will be available to U.S. consumers on iOS, Android, and the web, with a WhatsApp version and eventual access through Ray-Ban Meta glasses.
Meta AI chief Alexandr Wang said Muse runs in an isolated environment, does not see actual passwords or payment details, and asks before sensitive actions. Users must opt out if they do not want Meta to use their agent interactions to train AI models. Meta says it will first scrub “critical personally identifying information.” It is also offering rewards to security researchers who find certain vulnerabilities.
Wall Street is pressing Meta to show returns on its AI investments. Wang said Meta is exploring a cut of agent-related shopping transactions, but there is no concrete plan. The paid tiers are here; the shopping idea is still an idea.
Different Bets Bring Different Risks
The @value-investing speaker described Realty Income’s 6% dividend yield, cited “2 3% growth,” and said rents can be adjusted for inflation. His view was: “That’s a 10% long-term return.”
He said KWEB, the China internet ETF, has done little for 13 years. He expects another period of exuberance in Chinese stocks.
For Netflix, he pointed to “20 billion” in content spending and framed the growth question as “12%” or “seven.” He described Uber as cheaper with potentially higher reward, but riskier because it must defend its position against autonomous vehicles and other attacks. He called Nike a turnaround, pointing to its cash and a new business pillar he attributed to Vindoo.
Position size matters alongside the company case. Romesh Pula called a holding above 25% of a portfolio a common rule of thumb for concentration. He said nearly 69% of about 3,000 U.S. stocks had lost more than 70%, and only 11% fully recovered. He also described research in which the top 10% of stocks over the previous five years lagged the market over the following two, three, and five years.
Pula discussed gradual sales, tax-loss harvesting, options, donations, and exchange funds as ways to manage appreciated shares. Each has a trade-off: covered calls give up some upside, margin loans can bring a margin call, and traditional exchange funds have a seven-year lockup.
Fidelity said the average 401(k) balance rose 10.5% from March through June, its biggest quarterly increase since 2020. Participants invested an average 14.4% of pay including employer contributions, just below Fidelity’s recommended 15%. The average balance was $75,200 for participants in their 30s and $156,800 for those in their 40s.
An example using an assumed 7% return showed $250 a month from age 22 reaching about $953,680 by age 67. Starting at 40 would reach $240,672. To reach roughly $954,000 by 67, the 40-year-old in that example would need about $990 a month.
The @cjstockpulse speaker says a crypto bull market has begun and could be the biggest yet. He points to Bitcoin moving above its 200-day moving average on August 19th, positive year-to-date Bitcoin ETF flows, and tokenization. He says Bitcoin’s six-month forward return while above that average has averaged 193% since 2010, with a positive win ratio of 80%. He puts global liquid assets at around 200 trillion, and stocks, bonds, and credit at 160 trillion. Those figures are the basis for his bull-market claim.
Trade Demands, Political Claims, and a Medicare Rebate
President Donald Trump said Bombardier must build in America to access the U.S. market. Bombardier pointed to workers in more than 20 states, sites in 10 states, and American-made aircraft components. It plans to expand its U.S. defense activities and service network and open a Fort Wayne, Indiana, facility later this year. Canada imposed retaliatory tariffs on about $20 billion of U.S. goods after Trump’s latest import taxes on Canadian products and a breakdown in trade talks.
The @geopoliticaleconomyreport speaker alleges that U.S. officials have threatened governments that resist Washington’s demands. His account of a March 2026 dinner in Athens, including an alleged remark by Ambassador Kimberly Gilfoyle to Greek officials, remains his allegation.
The @wallstreetmillennial narrator challenges Peter Thiel’s claim that technological progress stalled after the 1970s. He cites American Enterprise Institute figures of 2% annual GDP growth over 200 years and 1.8% annual U.S. per capita GDP growth since 2010. He also describes Thiel’s ties to J.D. Vance, including a $15 million donation to a pro-Vance political action committee in 2022, and argues that Thiel’s business interests benefit from Vance’s positions on AI, data centers, and war.
The @clearvaluetax9382 speaker describes a one-time $90 Medicare premium rebate announced on October 2 for approximately 20.8 million people. Original Medicare Part B enrollees who pay the standard premium may qualify; Medicare Advantage enrollees are excluded. The speaker warns that requests for Social Security or bank information to obtain the payment are scams. He also notes critics’ view that $90 will not solve rising health care costs.