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Reports indicate that OpenAI has not met its internal growth projections, fueling market skepticism regarding the long-term viability of substantial investments in the AI sector. Consequently, shares of firms associated with AI infrastructure experienced a sharp decline during early trading on Tuesday. Notably, Oracle, which entered into a five-year, $300 billion deal to provide computing power support to OpenAI, witnessed its stock price fall by roughly 7.5% in pre-market trading. Earlier, OpenAI had already missed its targets for acquiring new users and generating revenue, with its CFO cautioning that if revenue growth continues to lag, the company might struggle to cover the costs of procuring computing power in the future. This development has amplified market anxieties about the financial health of OpenAI and the broader AI industry.
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