OpenAI misses internal growth targets

A Wall Street Journal report indicating that OpenAI missed its internal sales and user targets has sent ripples through the technology sector.

The news has sparked a sell-off in AI-linked stocks, as investors question whether the massive capital expenditures required for AI infrastructure will yield expected returns.

OpenAI has pushed back against the narrative, stating that its consumer and enterprise businesses are 'firing on all cylinders' and seeing strong demand.

The company is also forecasting a shift toward a cheaper, ad-supported tier of ChatGPT to attract new users and manage costs ahead of its planned IPO.