OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
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.
* ChatGPT’s growth slowed toward the end of last year, the WSJ report said, adding that OpenAI fell short of an internal target to reach 1 billion weekly active users for the artificial intelligence chatbot by year-end.
* The company has also grappled with subscriber defections, the report added.
