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OpenAI Misses User Target, Raises IPO Funding Concerns

4/29/2026

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Summary

Story summary

OpenAI missed its 2025 target of 1 billion weekly active ChatGPT users and fell short of revenue goals.
CFO Sarah Friar warned the firm may be unable to fund compute contracts if revenue growth slows.
Shares fell, with Nvidia down 3%, Microsoft 1%, Broadcom 4%, CoreWeave 7.1%, Oracle 6.5% and SoftBank 11.9%.
Analysts say the miss raises doubts about OpenAI’s ability to meet infrastructure obligations before a $1 trillion IPO.

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Story summary

OpenAI missed its 2025 target of 1 billion weekly active ChatGPT users and fell short of revenue goals.
CFO Sarah Friar warned the firm may be unable to fund compute contracts if revenue growth slows.
Shares fell, with Nvidia down 3%, Microsoft 1%, Broadcom 4%, CoreWeave 7.1%, Oracle 6.5% and SoftBank 11.9%.
Analysts say the miss raises doubts about OpenAI’s ability to meet infrastructure obligations before a $1 trillion IPO.