OpenAI misses internal revenue target as competition intensifies

8 articles · Updated · The Information · Apr 28

OpenAI's revenue shortfall follows a surge in usage of Google's Gemini chatbot and rapid revenue growth at Anthropic, which has nearly matched OpenAI's sales despite being founded five years later.
CEO Sam Altman and CFO Sarah Friar disagree on the timing of a potential IPO, with Friar citing organizational readiness and concerns over the company's ability to support major server spending commitments amid slowing revenue growth.
Earlier reports revealed OpenAI also missed user-growth goals for ChatGPT and failed to reach its 1 billion weekly active users target, raising questions about financial sustainability and increasing pressure from rivals in the AI sector.

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