OpenAI aimed to hit specific revenue and user growth targets this year but missed both as it rushes toward an IPO. The company’s slower-than-expected enterprise sales and more cautious consumer uptake forced it to revise financial projections downward. Investors are watching closely to see if OpenAI can regain momentum before going public.

A jury in Oakland will soon decide whether OpenAI’s switch from a nonprofit to a for-profit under Sam Altman was fraudulent, a ruling that could unravel the legal basis of the entire AI sector. Elon Musk demands OpenAI revert to nonprofit status and directs any damages to charity, while OpenAI fires back with regulatory complaints and PR campaigns. A verdict for Musk could tank OpenAI’s $850 billion IPO and expose other AI firms to donor and shareholder clawbacks.