OpenAI's multiple growth targets fall short, CFO warns that the $600 billion computing power bill may be unaffordable

Crypto news, OpenAI recently failed to meet several internal growth targets. CFO Sarah Friar warned that if revenue growth does not keep pace, the company may be unable to pay for future computing power contracts. The board has begun reviewing data center investments, questioning CEO Altman’s continued expansion of computing capacity amid a slowing business. ChatGPT did not reach the goal of 1 billion weekly active users by the end of last year; the latest weekly active user data is “over 900 million.” The annual revenue target was not met, and Google Gemini has taken some market share. Altman signed a commitment to purchase approximately $600 billion worth of computing power last year, recently completing $122 billion in financing, but even if revenue targets are met, this money will only last three years, with some funds conditional. Friar is cautious about going public before the end of the year, believing the company’s internal control system has not yet reached listing standards, while Altman favors a faster IPO process. The two issued a joint statement through WSJ denying disagreements, stating they are “completely aligned” on “buying as much computing power as possible.”