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WSJ Minute Briefing

OpenAI CFO Raises Concerns Over AI Spending and Revenue Gap

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 28 April 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: The Trump Administration announces payouts to energy firms to cancel offshore wind projects. And cheap foreign cars could disappear from American lots if the Trump administration fails to renew the U.S.-Mexico-Canada Agreement. Luke Vargas hosts.  Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here is your morning brief for Tuesday, April 28th.

0:05.3

I'm Luke Vargas for the Wall Street Journal.

0:07.9

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

0:13.8

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

0:22.3

computing power. We're exclusively reporting that OpenAI CEO Sarah Fryer is also worried that

0:28.2

future revenues won't be able to make up for the massive outlays. OpenAI CEO and

0:33.6

CFO said in a statement that they are totally aligned on securing new computing resources.

0:39.7

The Trump administration has announced payouts totaling nearly $900 million to a pair of energy companies

0:46.0

to walk away from offshore wind projects under development. Arguing that the projects are untenable

0:52.2

without taxpayer subsidies, the Interior Department

0:55.2

said that Blue Point Wind and Golden State Wind will end their offshore leases for projects

1:00.2

in New York, New Jersey, and California. It comes after a recent deal with French company

1:05.4

Total Energies, which is getting a $1 billion payout to walk away from projects off the coasts of North Carolina and New York.

1:13.3

And cheap foreign cars, including smaller models from Nissan, Hyundai, and Toyota,

1:18.8

could disappear from American lots if the Trump administration fails to renew or waters down the U.S.-Mexico-Canada agreement.

1:26.5

That warning comes as the president's team has publicly considered ditching or splitting up the U.S.-Mexico-Canada agreement. That warning comes as the president's team has publicly

1:28.8

considered ditching or splitting up the U.S. MCA, and as Trump has upended the 2020 deal by

1:34.9

levying 25% tariffs on the non-U.S. content of vehicles that previously would have qualified as

1:40.9

duty-free under the agreement. Asian stocks have ended the day down.

1:46.0

European stocks are looking up in midday trading,

1:48.8

and U.S. stock futures are also edging up

1:51.0

ahead of earnings from Coca-Cola, Visa, and Starbucks.

...

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