The Nikkei index on the Tokyo stock market closed the morning session on October 9 at 68,512.30 points, down 529.81 points, or 0.77%, pressured by concerns over OpenAI's annualized revenue growth coming in slower than expected. Artificial intelligence and semiconductor shares fell in line with their counterparts in the U.S. market after the Financial Times reported that OpenAI told investors its annualized revenue had reached nearly 50 billion dollars, down from the 70 billion dollars the company was reported to have cited in late last month. However, signals that U.S. military action against Iran is unlikely to occur soon helped shore up investor sentiment to some extent.
OpenAI told investors its annualized revenue reached nearly $50B, below the ~$70B previously cited, signaling weaker-than-expected demand growth.
