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OpenAI fails to hit revenue and user targets as it sprints toward an IPO.

Plus, the Trump administration pays two more companies not to develop offshore wind projects.

And ahead of the Fed's rate decision tomorrow, we'll look at the pressure facing central bankers around the world.

The Bank of Japan is confronting the same problem that is bedeviling every central bank

now, which is that war in Iran has made a mess of their inflation forecast, it has made a mess of

their growth forecasts, and they left with very few good options and how to respond.

It's Tuesday, April 28th. I'm Luke Vargas for the Wall Street Journal, and here is the

AM edition of What's News, the top headlines and business

stories moving your world today.

With just months to go before a planned IPO and its business in a slowdown, OpenAI's

board is probing plans to spend $600 billion on data centers and questioning CEO Sam Altman's efforts to secure

even more computing power. We're exclusively reporting that OpenAI CFO Sarah Fryer is worried

that future revenues won't be able to make up for the massive outlays. And here with more is

journal finance editor Alex Frankos. Alex, the strategy at OpenAI has for a long time been that massive spending would yield

massive growth. It seems like that math, though, now might be facing a bit of a stress test.

Well, there seems to be a discussion going on within OpenAI as to how much money it should

be spending. Its business has hit a few bumps in the road. It's losing

...