OpenAI claims that its annual recurring revenue has exceeded $10 billion.

OpenAI Claims Annual Recurring Revenue Exceeds $10 Billion

In less than three years since the launch of the chatbot ChatGPT, the annual recurring revenue (ARR) of U.S. artificial intelligence research company OpenAI has exceeded $10 billion. An OpenAI spokesperson said that this financial metric includes sales revenue from its consumer-facing products, ChatGPT commercial products, and APIs, but excludes Microsoft's licensing revenue and other large transactions. OpenAI's latest data also provides context for the company's staggering valuation. By the latest standards, OpenAI is valued at approximately 30 times its revenue, highlighting the expectations of some of its largest investors for its hyper-growth. OpenAI aims to reach an annual revenue of $125 billion by 2029. However, achieving such an astonishing growth rate requires significant financial support, and OpenAI incurred a loss of approximately $5 billion last year.

—— Cailian Press, CNBC

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