SCITECH

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.
* '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.
* 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.