OpenAI misses revenue targets as Anthropic and Google close in

OpenAI reportedly missed internal 2026 revenue and user-growth targets as competition from Anthropic and Google intensified.

Rivals like Gemini and Anthropic’s enterprise and coding tools are gaining traction, while ChatGPT churn has become a concern.

The company is debating $600 billion in compute commitments amid heavy cash burn and rising infrastructure costs.

The slowdown raises questions about OpenAI’s path to profitability and when, or whether, it can pursue an IPO.