Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
A report claims that OpenAI missed its own user and revenue goals. That's bad news for the entire industry.
https://gizmodo.com/the-start-of-openais-trial-against-elon-musk-wasnt-the-worst-thing-that-happened-to-sam-altman-today-2000751813The Start of OpenAI’s Trial Against Elon Musk Wasn’t the Worst Thing That Happened to Sam Altman Today
A report claims that OpenAI missed its own user and revenue goals. That's bad news for the entire industry.
By Ece Yildirim
Published April 28, 2026, 5:58 pm ET
-snip-
That’s because on Monday night, the Wall Street Journal published a report claiming that ChatGPT’s growth had slowed toward the end of last year, and as a result, OpenAI had missed its internal goal of one billion weekly active users and its own target revenue for the year.
-snip-
If the report is true, it clashes with the picture that OpenAI has been trying to portray. OpenAI and many of its peers in the AI industry have long claimed that AI demand would arrive, and to accommodate it, the industry has to rapidly shore up as much computing capacity as possible. This has led to a record investment in AI data centers, a risky bet that some experts have claimed could be overkill, and an industry-wide dealmaking frenzy that has placed OpenAI at the center of it.
OpenAI has inked so many multibillion-dollar deals that it sparked worries of circular dealmaking and a potential AI bubble where only one failure (such as if OpenAI were to fail to deliver on its massive financial commitments) could create a domino effect that could take the entire industry, and perhaps even the American economy, down with it.
As a result, the market had a proper freakout on Tuesday, sending the shares of any company with substantial ties to OpenAI down, which, in this current climate, is much of the tech industry. So much so that at least one company had to come out and renounce its reliance on OpenAI.
-snip-
A report claims that OpenAI missed its own user and revenue goals. That's bad news for the entire industry.
By Ece Yildirim
Published April 28, 2026, 5:58 pm ET
-snip-
That’s because on Monday night, the Wall Street Journal published a report claiming that ChatGPT’s growth had slowed toward the end of last year, and as a result, OpenAI had missed its internal goal of one billion weekly active users and its own target revenue for the year.
-snip-
If the report is true, it clashes with the picture that OpenAI has been trying to portray. OpenAI and many of its peers in the AI industry have long claimed that AI demand would arrive, and to accommodate it, the industry has to rapidly shore up as much computing capacity as possible. This has led to a record investment in AI data centers, a risky bet that some experts have claimed could be overkill, and an industry-wide dealmaking frenzy that has placed OpenAI at the center of it.
OpenAI has inked so many multibillion-dollar deals that it sparked worries of circular dealmaking and a potential AI bubble where only one failure (such as if OpenAI were to fail to deliver on its massive financial commitments) could create a domino effect that could take the entire industry, and perhaps even the American economy, down with it.
As a result, the market had a proper freakout on Tuesday, sending the shares of any company with substantial ties to OpenAI down, which, in this current climate, is much of the tech industry. So much so that at least one company had to come out and renounce its reliance on OpenAI.
-snip-
Ed Zitron has been warning about this for quite a while now.
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
