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OpenAI refutes reports of poor sales, stating their business is "full throttle"
Golden Finance reports that on April 29, OpenAI publicly refuted outside doubts about its sales growth, stating that both its consumer and enterprise businesses are “full steam ahead.” The Wall Street Journal previously quoted sources indicating that OpenAI has not met multiple project goals, and CFO Sarah Friar expressed concern that if sales growth is not fast enough, the company might struggle to meet future computing power demands. Following this report, the stock prices of several OpenAI investors and partners, including SoftBank Group, Oracle, and CoreWeave, fell sharply. In an email statement, OpenAI said that demand from enterprise clients and its still-initial-stage advertising business continue to grow, and that “the internal atmosphere is very positive.” OpenAI dismissed The Wall Street Journal’s report as “typical clickbait.” The statement said the company still considers expanding computing power a “key driver” to enable it to “provide better product experiences for customers.”