The Fallout From OpenAI’s Revenue Surprise

Andrew here. Nobody likes to talk about deficits, but we can’t afford to ignore them. The federal budget deficit climbed to nearly $2 trillion in the most recent fiscal year, the Congressional Budget Office said on Thursday. The problem isn’t just that we’re spending far more than we’re taking in. It’s that the gap is growing.

For the tax nerds among us, Yale’s Budget Lab has a fascinating new tool that lets you build your own tax package, testing how much revenue different proposals would actually raise — and how they interact with one another as taxpayers change their behavior. It’s a useful reminder that even the seemingly simple answer of taxing the wealthy is complicated.

Questions about A.I. revenue and safety

The biggest artificial intelligence companies have justified their rapidly increasing valuations with revenue projections that keep climbing quickly.

But the revelation on Thursday that a crucial OpenAI revenue metric had merely doubled in the last quarter battered shares of companies exposed to the sector.

Article source: https://www.nytimes.com/2026/10/09/business/dealbook/openai-revenue-safety.html