Chief financial officer of OpenAI
Appears in 2 stories
Warning colleagues that slowing revenue growth could make it hard to fund compute commitments; pushing to delay IPO to 2027
SoftBank Group cut its target for a margin loan backed by OpenAI shares from $10 billion to as low as $6 billion after lenders pushed back, Bloomberg reported May 8. The reduction came days after the Wall Street Journal reported that OpenAI had missed internal revenue and user-growth targets in early 2026. Anthropic had gained share in coding and enterprise markets. Lenders said the difficulty of pricing a private company with slowing growth made them unwilling to commit at the original size.
Updated May 8
Overseeing IPO preparation and financial restructuring
Four months ago, Sam Altman told the world OpenAI had $1.4 trillion in data center commitments. Now the company is telling investors the real number is $600 billion — and that it would rather rent computing power than build its own facilities. The retreat, disclosed to investors in February 2026 and detailed publicly on March 22, marks the sharpest pivot in the short history of the artificial intelligence spending boom.
Updated Mar 22
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
