User spending on ChatGPT has “stalled” and “the value of OpenAI subscriptions, which surged from a standing start in January 2023, has flatlined in the major European markets over the past four months,” according to new data published by Deutsche Bank .

OpenAI made a $500 billion commitment to buy 10 gigawatts of custom-designed chips from Broadcom yesterday, and has previously committed to spending $1 trillion with Nvidia , AMD, and Oracle . But “the poster child for the AI boom may be struggling to recruit new subscribers to pay for it,” said analysts Adrian Cox and Stefan Abrudan in a note to clients today.

Their data was drawn from transactions processed by third-party financial institutions in the U.K., Germany, France, Italy, and Spain, representing 15% of ChatGPT users.

O

See Full Page