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Report: OpenAI Fails to Meet New User and Revenue Targets Recently; CFO Has Reservations About Listing by Year-end
The Wall Street Journal, citing sources, reported that OpenAI has recently failed to meet its targets for new user additions and revenue. Chief Financial Officer Sarah Friar has in...
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Report: OpenAI Fails to Meet New User and Revenue Targets Recently; CFO Has Reservations About Listing by Year-end
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The Wall Street Journal, citing sources, reported that OpenAI has recently failed to meet its targets for new user additions and revenue. Chief Financial Officer Sarah Friar has informed senior management that she is concerned the company may be unable to pay for future computing contract expenses if revenue growth is not fast enough.

It is understood that OpenAI's board has, in recent months, more closely scrutinized the companys data center transactions and questioned Chief Executive Officer Sam Altmans push to secure additional computing capacity despite a slowdown in business. Friar and other senior executives are currently seeking to control costs and strengthen internal oversight. Friar has also expressed reservations about OpenAIs plan to go public by the end of this year, warning that the company is not yet prepared to meet the stringent reporting standards required of a listed company.

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According to a joint statement issued by Altman and Friar, both are fully aligned in their decision to procure as much computing capacity as possible, and any claims of disagreement between them or plans to reduce the acquisition of new computing resources are absurd.

Sources said OpenAI failed to achieve its internal target of reaching 1 billion weekly active ChatGPT users by the end of last year, unsettling some investors. After Googles Gemini recorded significant growth late last year and eroded OpenAIs market share, ChatGPT also failed to meet its full-year revenue target, and has missed revenue goals for several recent months. In addition, ChatGPT has faced issues such as subscriber churn. (mn/da)

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