OpenAI says booming demand for its products after reports that spooked the AI marketplace

OpenAI has dismissed concerns about the company failing to meet internal targets. The ChatGPT developer is meeting its targets and seeing a "sheer wall of demand" for its products, OpenAI CFO Sarah Fryer told Bloomberg.

"We believe we are ahead of our top-line plan," Fryer said. She added that how the company achieves its goals "may change from period to period" because OpenAI is "still a young business that doesn't lend itself to accurate forecasting on every metric."

The statements came after The Wall Street Journal reported on April 28 that the AI startup failed to meet internal revenue and audience growth targets, including a benchmark of one billion active users per week by the end of 2025. The publication also said that Fryer was concerned the company might not be able to handle future computing costs if OpenAI's sales don't grow fast enough.

Commenting on these data, Fryer added that the company has ambitious internal goals that may differ from those publicly announced. At the same time, she said, the popularity of OpenAI products continues to grow. For example, the company said this month that the number of active users of Codex, an AI agent created for writing code and developing software, reached 4 million users per week, up from 3 million two weeks earlier.

Also in an interview with Bloomberg, Fryer dismissed reports that OpenAI may need less computing infrastructure. According to her, the company, on the contrary, needs more AI data center capacity.

Shares of a number of investors and partners of OpenAI fell after the WSJ article, which emphasized the central role of the company in the AI economy, Bloomberg notes. Thus, securities of cloud provider Oracle fell on April 28 by 6.7%, CoreWeave - by 8%, Nvidia by 3%, and securities of Advanced Micro Devices (AMD) collapsed at once by 5.2%. All of them have supply agreements with OpenAI. Shares of Japan's SoftBank Group, which is also a major investor in OpenAI, plummeted 9.9%, showing the biggest one-day percentage drop since November 2025.

Oracle and CoreWeave are showing gains of 1.5% and 1.6% respectively at the premarket on May 1, Nvidia is adding 0.4%, SoftBank securities closed up nearly 4% in Tokyo trading, and AMD securities are down 1% at the premarket.

This article was AI-translated and verified by a human editor