GPT Store's Launch on Hold: Is OpenAI's Leadership Shuffle to Blame for the 2024 Wait?
Portfolio Pulse from Anusuya Lahiri
OpenAI has delayed the launch of its GPT Store from 2023 to early 2024 due to leadership changes and unresolved operational questions. The delay follows a temporary ousting of CEO Sam Altman over internal disagreements. Despite the setback, OpenAI, backed by Microsoft Corp (NASDAQ: MSFT), aims to generate over $1 billion in revenue from AI software and computing capacity sales. MSFT shares dropped 0.60% in premarket trading.
December 04, 2023 | 12:44 pm
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Microsoft Corp, which backs OpenAI, may experience short-term negative sentiment due to the delayed launch of the GPT Store, potentially impacting its revenue expectations from the partnership.
The delay in the GPT Store launch could be perceived negatively by investors as it may postpone potential revenue streams for Microsoft from its partnership with OpenAI. The premarket drop in MSFT shares indicates an immediate negative reaction to the news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80