Oracle, CoreWeave shares drop after report flags OpenAI growth worries
Oracle and CoreWeave shares fell in premarket trading on Tuesday after the Wall Street Journal reported OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator’s growth prospects.
OpenAI CFO Sarah Friar expressed concerns over the company’s ability to pay for future computing contracts if its revenue did not grow fast enough, the report said, citing people familiar with the matter.
