OpenAI missed 1 billion weekly user target for ChatGPT by end of 2025, reaching approximately 900 million as of February, amid questions about revenue growth relative to $600 billion compute spending plan through 2030

OpenAI had approximately 900 million weekly active users for ChatGPT as of February, missing its internal target of 1 billion weekly active users by end of 2025, according to a Wall Street Journal report. The company also missed multiple monthly revenue targets earlier this year.

OpenAI is planning to spend as much as $600 billion on compute by 2030. In late March, the company raised $122 billion in a funding round that values it at $852 billion. According to February reports, OpenAI projected that its revenue will grow rapidly over the next few years and exceed $280 billion by 2030.

Dan Ives, managing director at Wedbush Securities, characterized the market selloff as an overreaction, saying OpenAI is strongly positioned with very strong demand across consumer and enterprise segments. Wedbush analysts disagreed with the notion that growth is weakening.