OpenAI's Altman says we've have added more than USD 1bln of ARR in last month just from our API business
Newsquawk Staff ·
OpenAI's Altman says we've have added more than USD 1bln of ARR in last month just from our API business.
What it means
OpenAI's Altman announcing over USD 1 billion in annual recurring revenue related to their API business signals strong demand and robust growth in a rapidly expanding sector. This development could bolster market sentiment towards technology stocks, particularly those connected to AI, such as Microsoft. Investors may now adjust their expectations for future earnings and growth trajectories in the software segment as this underscores the lucrative potential of AI-driven solutions.
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
Related headlines
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)4 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-164 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist4 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA4 days ago
- Newsquawk Daily Economic Releases - 4th November 20264 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg4 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 4 days ago
- Booking Holdings Inc. (BKNG) Q3 2026 (USD): Adj. EPS 4.66 (exp. 4.49), Revenue 8.9bln (exp. 9.55bln)4 days ago
- Uber’s (UBER) Jill Hazelbaker to join OpenAI as Chief Corporate Affairs Officer, reports The Information4 days ago
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)4 days ago
- Arista Networks Inc. (ANET) Q3 2026 (USD): Adj. EPS 1.20 (exp. 1.08), Revenue 3.66bln (exp. 3.33bln)4 days ago
- Meta (META) launches USD 15bln 5-parter: 5yr, 7yr, 10yr, 20yr, 30yr4 days ago
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)4 days ago
- Block Inc. (XYZ) Q3 2026 (USD): Adj. EPS 1.13 (exp. 1.03), Revenue 6.72bln (exp. 6.58bln)4 days ago
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)4 days ago