OpenAI is in the crucial stage of preparing for an IPO: revenue and core user targets have not been met.

According to reports, OpenAI recently failed to meet its established targets for new users and revenue, with performance falling below expectations causing some concerns among management. There are doubts about whether the company can continue to bear the high costs of data center investments. Informed sources revealed that Chief Financial Officer Sarah Frayer expressed to the company's management that if revenue growth continues to be weak, the company may not be able to afford future costs of purchasing computing power. Sources said that in recent months, the board of directors has increased scrutiny of the company's data center partnership projects. Against the backdrop of slowing business growth, management has also questioned CEO Sam Altman's continued expansion of computing power.