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OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO


OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO

https://www.wsj.com/tech/ai/openai-misses-key-revenue-user-targets-in-high-stakes-sprint-toward-ipo-94a95273

Posted by pstbo

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17 Comments

  2. surlyfanta63 on

    I just wish, for once in my life, the investor class would live in the real world, so they could see how obviously this was going to happen… but then again their shock is funny, so maybe it’s okay

  3. pstbo on

    “
    OpenAI recently missed its own targets for new users and revenue, stumbles that have raised concern among some company leaders about whether it will be able to support its massive spending on data centers.

    Chief Financial Officer Sarah Friar has told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough, according to people familiar with the matter. “

  4. Beneficial_Map6129 on

    … do you guys even use ChatGPT/OpenAI anymore? I find myself preferring Claude/Gemini to be honest

  6. Eastern_Picture_3879 on

    It’s not our fault their model is a cringe kiss ass that constantly lies.

  9. AllTimeTy on

    Maybe if they spent less time neutering capabilities to the point of uselessness people would use it. No one wants to use an AI that has a fake consciousness or feelings or thoughts about legality.

  10. BreathEcstatic on

    Claude can do some sick shit that Chat just can’t.

    I literally asked it quote “create a desktop shortcut that will turn two of my monitors black, turn the PC lights and my keyboard lights off, and open Netflix full screen on the third monitor (a TV), set the audio output to the speakers (not my headphones)”

    It whipped up a program that I plopped on my desktop and performed near perfectly the very first try, just had to specify the monitors (it gave me clear instructions on how to do that since I can’t code). It took all of 5 minutes, now I just click an icon on my desktop called “theater mode” when I want to watch something. ChatGPT couldn’t do it.

    I also had it make a Chrome extension to help me automate some repetitive “clicking tasks” at work. Again took two seconds to make and boot up.

  15. HistoryVibesCanJive on

    So let me get this straight lol.

    OpenAI signed $600 billion in future compute commitments. Raised $122 billion which they expect to burn through in three years. Missed their user target of one billion weekly actives. Missed their revenue target. Missed multiple monthly revenue targets this year. Are losing market share to Google and Anthropic simultaneously. Have subscriber churn problems. Their CFO is privately worried they cannot pay for the compute they already ordered. Their number two is on unexpected medical leave. Elon is suing to unwind the company. And the plan is to IPO by December.

    This is not a technology company. This is a margin call wearing a hoodie.

  17. Captain_Jellico on

    Open AI is low key cooked. Their monetization strategy is struggling, their product is falling behind competitors, and they distance themselves from consumers with every move to close in on profitability. They will survive and find a niche but they are not the powerhouse they pretend to be. Their brand recognition can only carry so far. 

    Gemini and Claude are the way. 

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