OpenAI told Australian parliament its local subsidiary made just $3.87M
gaganghotra_ · x · 2026-10-22
Gagan Ghotra notes OpenAI's submission to Australian parliament reported only $3.87M revenue for its Australian subsidiary between May 14 and Dec 31, 2025. He argues the figure is crazy low and likely reflects advanced accounting — as with other US companies operating in Australia — where booked local revenue sits far below what Australian customers actually generate. (Linked ABC page is a market live blog noting data-center operator NextDC plunging 40% on resumption.)
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