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OpenAI’s annual revenue exceeds $1.6 billion

  • December 31, 2023
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According to network sources, the annual revenue of the OpenAI company has exceeded $1.6 billion, thanks to the active growth of the ChatGPT AI bot. As of mid-October,


According to network sources, the annual revenue of the OpenAI company has exceeded $1.6 billion, thanks to the active growth of the ChatGPT AI bot. As of mid-October, this indicator was 1.3 billion dollars. The Information writes this based on its own knowledgeable sources.

The 20% increase in revenue in two months shows that OpenAI managed to maintain business momentum, despite the November crisis associated with the scandalous dismissal of CEO Sam Altman (Sam Altman) and the subsequent period of uncertainty regarding the future of the company. start. As a reminder, OpenAI gets the bulk of its revenue from the hugely popular AI bot ChatGPT, which launched a little over a year ago.

Earlier this month, Bloomberg wrote that the next financing round for OpenAI, in which the company’s capitalization can be estimated at $ 100 billion, will be completed quickly. The message stated that negotiations for a new financing round are ongoing, but the terms and conditions for its implementation have not yet been approved.

OpenAI’s largest strategic investor is Microsoft, which has invested approximately $13 billion in the artificial intelligence startup. The software giant is already actively using OpenAI developments in its products. According to available data, OpenAI is in talks to raise $10 billion with the G42 investment fund in the UAE to develop the Tigris computing accelerator, which is seen as a rival to NVIDIA’s solution. In October, OpenAI and G42 signed a cooperation agreement under which it is planned to create advanced solutions in the field of artificial intelligence for the UAE and other regional markets.

Source: Port Altele

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