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OpenAI falls short of revenue and user targets as it races toward IPO: Report

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OpenAI falls short of revenue and user targets as it races toward IPO: Report

OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-center spending, the Wall Street Journal reported on Monday, citing people ⁠familiar ​with the matter.

Here are a few details:

CFO Sarah Friar has expressed concerns to other company leaders that the ​ChatGPT creator ​might not be able ⁠to pay for future computing contracts if revenue doesn’t grow fast ‌enough, according to the report.

OpenAI missed multiple monthly revenue targets earlier this year after losing ground to Anthropic in coding and enterprise markets, the report said.

“This is ridiculous. We are ⁠totally aligned on ⁠buying as much compute as we can and working hard on ⁠it ‌together every day,” CEO and ​co-founder Sam Altman and ‌Friar said in an emailed statement to Reuters.



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