AI Giant OpenAI To Hit $2B Revenue Threshold Soon
Highlights
- OpenAI is growing and revenue is poised to touch $2 billion soon
- OpenAI makes its money primarily through subscriptions to ChatGPT
- CEO Sam Altman is eyeing a pivot to AI chip production
OpenAI revenue reportedly surpassed $2 billion in December and is looking to double this figure next year.
ChatGPT Maker Looking to Double Revenue in 2025
On an annualized basis, OpenAI’s revenue has exceeded $2 billion and much of this value is as a result of the success recorded by the company’s flagship AI product ChatGPT. It is worth noting that OpenAI’s ChatGPT has placed the firm as one of the fastest-growing technology companies in history.
The growth in OpenAI’s revenue is quite exponential considering that in October, its annualized revenue was just $1.3 billion. This was around the time when OpenAI also hit a valuation of $86 billion placing the AI powerhouse ahead of notable enterprises like Stripe and Shein. The uptick in revenue within the short period suggests that sales of OpenAI’s products must have accelerated tremendously.
With the current revenue value, the Microsoft-backed firm might soon rank amongst top tech firms like Google and Mark Zuckerberg’s Meta. The feat of achieving the posted revenue within a decade is a celebration-worthy milestone.
OpenAI strongly believes that by 2025, it would have doubled this figure, citing massive customer adoption of its generative AI tool and other products.
OpenAI is Eyeing a Better Future
According to a report, many business customers are excited about integrating OpenAI’s ChatGPT in their workplace.
In November, Sam Altman the CEO of OpenAI confirmed that up to 92% of Fortune 500 companies were leveraging some of OpenAI products, including ChatGPT and its underlying AI model, GPT-4.
Despite the strain that the company has had to go through, especially in December when Altman was ousted by the board but was later reinstated after a few days, the firm still remains strong, defying all odds against it. Gradually, OpenAI is venturing into other AI-related businesses and one of such is its interest in AI chips.
Altman is allegedly shifting his focus to revolutionizing the global semiconductor industry and bolster the capabilities of AI. As such, he is currently seeking up to $7 trillions dollars to fund this idea and is already in talks with potential investors including the United Arab Emirates government.
Should the plans work out as planned, Altman’s AI Chip venture will provide tough competition to existing rivals like NVIDIA and Intel.
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