genai / news / / The Sunday Times
Sarah Friar, chief financial officer at the maker of ChatGPT, raised concerns to other leaders at the company about its ability to pay for future computing contracts if its revenue did not grow fast enough.
OpenAI has missed recent targets for new users and revenue, raising financial concerns internally.
KEY POINTS
- Sarah Friar warned OpenAI leaders about potentially insufficient revenue to fund future computing contracts.
- OpenAI is planning an initial public offering for the fourth quarter of the year.
- Oracle has a five-year, $300 billion cloud services deal with OpenAI, now under investor scrutiny.
- Shares in multiple OpenAI partners, including CoreWeave and SoftBank, fell significantly after these disclosures.
COMPANIES
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