OpenAI is expected to triple its revenue to $12.7 billion. People familiar with the matter revealed that OpenAI is expected to more than triple its revenue this year to reach $12.7 billion, driven by the strength of its paid artificial intelligence software. The company...

OpenAI Expects Revenue to Triple to $12.7 Billion

People familiar with the matter revealed that OpenAI expects its revenue this year to more than triple to $12.7 billion, driven by the strength of its paid artificial intelligence software. The company had revenue of $3.7 billion last year. OpenAI anticipates that its revenue will continue to grow rapidly, more than doubling to $29.4 billion next year. Since OpenAI launched the ChatGPT chatbot over two years ago, the company has introduced a series of subscription services for consumers and enterprises. In September last year, OpenAI said that ChatGPT Enterprise had reached 1 million paying users. Despite the soaring revenue, OpenAI also faces huge costs associated with the chips, data centers, and talent required to develop cutting-edge artificial intelligence systems. The company doesn't expect to achieve positive cash flow until 2029, when its revenue is projected to exceed $125 billion.

—— Bloomberg

via Windvane Reference Express - Telegram Channel