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OpenAI missed internal targets for revenue and user growth, Wall Street Journal reports.
OpenAI missed internal targets for both revenue and ChatGPT user growth in 2024.
KEY POINTS
- Chief Financial Officer Sarah Friar warned OpenAI may struggle to fund future computing contracts if growth stalls.
- Japanese investor SoftBank, a major OpenAI backer, saw its shares plunge nearly 10% following the news.
- OpenAI has signed multi-year infrastructure deals worth hundreds of billions with partners like Nvidia and Oracle.
- OpenAI's projected long-term computing spend could reach $600 billion by 2030.
COMPANIES
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