--- title: "Jim Cramer Says OpenAI Revenue Isn’t ‘Apples to Apples’ With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out" type: "News" locale: "en" url: "https://longbridge.com/en/news/301361550.md" description: "Debate erupted over OpenAI's annualized revenue, reported by the FT as ~$50B rather than $70B. Jim Cramer and Daniel Newman clarified this reflects gross vs. net accounting differences, not lost sales. Despite experts dismissing the gap as a counting issue, market sentiment shifted, wiping out $500B from US stocks. Microsoft shares dipped slightly amid doubts on AI spending, though its momentum metrics remain strong." datetime: "2026-10-09T06:02:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301361550.md) - [en](https://longbridge.com/en/news/301361550.md) - [zh-HK](https://longbridge.com/zh-HK/news/301361550.md) generator: "portal-rs" --- # Jim Cramer Says OpenAI Revenue Isn’t ‘Apples to Apples’ With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out **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. ## **FT Report Sparks Debate** 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. **Read Also: Elon Musk Calls SpaceX's 800 MHz Spectrum Deal 'An Earthquake' as Starlink Takes Aim at US Carriers** ## **‘Gross and Net Revenue**‘ 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.. > > — Jim Cramer (@jimcramer) October 8, 2026 “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 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 > > — Jim Cramer (@jimcramer) October 8, 2026 *The Financial Times and its reporters George Hammond and Stephen Morris did not immediately respond to Benzinga’s request for comment.* ## **What OpenAI Keeps** **Shay Boloor**, market strategist at Futurum Equities, argued the sharper question is how much of every AI dollar OpenAI keeps after **Microsoft Corp.** (NASDAQ:MSFT), **Amazon.com, Inc.** (NASDAQ:AMZN), and **Alphabet Inc.** (NASDAQ:GOOG) (NASDAQ:GOOGL) 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 > > — Shay Boloor (@StockSavvyShay) October 8, 2026 ## $500 Billion ‘Wiped Out’ 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. > 🚨 $500 billion wiped out from the US stock market today as reports show OpenAI's revenue is $20 billion short, raising doubts over AI spending. pic.twitter.com/znqHWDPjOP > > — Bull Theory (@BullTheoryio) October 8, 2026 **Price Action:** Shares of Microsoft closed 1.35% lower on Thursday at $522.61 and fell 0.02% in extended trading to $522.50. **Benzinga Edge rankings** indicate Microsoft’s stock has a Momentum score in the 89th percentile and a Growth score in the 96th percentile. **See More: Top Momentum Stocks** ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: ZCOOL HelloRF on Shutterstock.com* ### Related Stocks - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [MSFC.US](https://longbridge.com/en/quote/MSFC.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) ## Related News & Research - [Microsoft Stock: Here's Why Dan Ives Remains Bullish on the Tech Giant](https://longbridge.com/en/news/301267122.md) - [Microsoft tries to spark new life into Windows](https://longbridge.com/en/news/301426155.md) - [Microsoft Launches New AI Model That Makes Decisions 35 Times Faster Than GPT-6 Sol](https://longbridge.com/en/news/301434267.md) - [Microsoft Sets up a Second AI Paycheck as Copilot Shifts To Pay-Per-Use](https://longbridge.com/en/news/301061530.md) - [Microsoft 2.5: GitHub COO Kyle Daigle on stitching the developer universe together](https://longbridge.com/en/news/301410165.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**