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OpenAI refutes reports of underperforming sales, stating that its business is "in full swing."

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PANews
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3 hours ago
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PANews April 29 news, according to Jin Shi reports, OpenAI on Tuesday local time refuted external doubts about its sales growth, stating that the company's consumer and enterprise businesses are both "firing on all cylinders." The Wall Street Journal previously cited insiders indicating that OpenAI had failed to meet multiple targets, and Chief Financial Officer Sarah Friar had expressed concerns that if sales growth does not accelerate, the company may struggle to meet future computing power demands. As a result of this report, shares of several of OpenAI's investors and partners, including SoftBank Group, Oracle, and CoreWeave, fell. OpenAI stated in an email declaration that demand from enterprise customers and its still nascent advertising business continues to grow, with the "internal atmosphere being very positive." OpenAI referred to The Wall Street Journal's report as "typical clickbait." The statement said that the company still views expanding computing power as a "key driving factor" to enable it to "provide customers with a better product experience."

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