Bloomberg reported that OpenAI said in a statement Monday that both its consumer and enterprise businesses are performing strongly and that “internal sentiment is very positive.”
The Wall Street Journal reported Sunday, citing unnamed sources, that OpenAI had fallen short of targets for new users and revenue, and that concerns had been raised internally about whether it can sustain the heavy costs of investing in artificial intelligence.
The Journal also said OpenAI Chief Financial Officer Sarah Friar recently told executives that if revenue does not rise fast enough, the company could struggle to cover future AI data center costs.
After the report, worries about the AI boom weighed on shares of OpenAI investor and partner companies including SoftBank, Oracle and CoreWeave during Monday’s session.
OpenAI dismissed the Journal report as a “typical clickbait story.” In its statement, the company reaffirmed its stance on securing more computing capacity, calling it “what makes everything possible.”
Earlier this month, OpenAI told investors in a memo that it is expanding compute capacity quickly and steadily and gaining an edge over Anthropic. It said the gap matters because compute resources have become a bottleneck for products, underscoring the need to keep investing in infrastructure.
Still, Bloomberg reported that even before the Journal article, OpenAI had begun taking a more cautious approach to infrastructure spending.
OpenAI has said it plans to pause a project underway in the United Kingdom, and Microsoft is set to lease a data center in Norway that had been planned for OpenAI.
Bloomberg also reported last month that Oracle and OpenAI withdrew a key AI data center expansion plan for the “Stargate” project after fundraising talks were delayed.
* This article has been translated by AI.
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