OpenAI’s Reported Missed Revenue Targets Are Spooking Investors Ahead of Its Rumored $1 Trillion IPO |
OpenAI’s Reported Missed Revenue Targets Are Spooking Investors Ahead of Its Rumored $1 Trillion IPO
A new report suggests anxieties are high at the AI behemoth, even as anticipation of a public listing grows outside its walls.
BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_
Sarah Friar and Sam Altman. Illustration: Inc.; Photos: Getty Images
Artificial intelligence giant OpenAI recently missed some self-imposed user growth and revenue targets, the Wall Street Journal reported in an exclusive scoop—and the markets are not thrilled.
OpenAI chief financial officer Sarah Friar has told colleagues that she is “worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough,” the Journal added, with efforts to keep down costs now sometimes putting her in conflict with CEO Sam Altman’s full-steam-ahead ambitions.
The reports of internal tensions come in the lead-up to a........