A report that OpenAI failed to meet last year’s user base and revenue targets sent technology stocks broadly lower, SiliconANGLE reported on April 28.
Nvidia shares fell more than 3 percent and AMD slid 11 percent. Shares of OpenAI partners including Arm Holdings and Oracle also fell.
Earlier, The Wall Street Journal (WSJ), citing sources, reported that ChatGPT’s growth has slowed since late last year and that it failed to hit a target of 1 billion weekly active users.
Revenue targets were also missed repeatedly due to subscriber churn, and Anthropic’s expanding market share also played a role, the WSJ said.
OpenAI pushed back on the WSJ report, calling it "clickbait," but OpenAI Chief Financial Officer Sarah Friar (사라 프라이어) was reported to have warned internally that difficulties could arise in raising money to build data centers if revenue does not rise quickly.
OpenAI has so far committed to purchasing $600 billion worth of data center capacity. Half is a five-year contract with Oracle. OpenAI’s annualised revenue was about $24 billion as of the end of March.
Chi-gyu Hwang
delight@d-today.co.kr