OpenAI falls short of revenue, user targets: WSJ report
OpenAI has fallen short of new user and revenue targets in recent months, raising concerns among some company leaders about whether it can support extensive data center spending, the Wall Street Journal reported, citing sources familiar with the matter.
According to the report, CFO Sarah Friar voiced concerns to other company leaders that the ChatGPT creator would not be able to pay for future computer contracts if revenue did not grow fast enough.
The report notes that OpenAI missed multiple monthly revenue targets earlier this year after losing out to Anthropic in the coding and enterprise markets.
“This is ridiculous. We’re completely on the same page about buying as much computing 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.
The WSJ report noted that ChatGPT’s growth slowed towards the end of last year, falling short of OpenAI’s internal goal of reaching one billion weekly active users for the AI chatbot by the end of the year.
The report stated that the company was also struggling with subscriber leakage.
Australia’s Associated Press is the beating heart of Australian news. AAP is Australia’s only independent national news channel and has been providing accurate, reliable and fast-paced news content to the media industry, government and corporate sector for 85 years. We inform Australia.
