OpenAI Reaches Milestone with $10 Billion Revenue Surge
The AI leader claims it has almost doubled its 2024 earnings.
Sam Altman’s OpenAI says it recently hit $10 billion in annual recurring revenue, up from around $5.5 billion last year.
Solid Revenue
That figure includes revenue from the company’s consumer products, ChatGPT business products, and its API, an OpenAI spokesperson mentioned. Currently, OpenAI is serving more than 500 million weekly active users and 3 million paying business customers.
The revenue milestone comes roughly two and a half years after OpenAI launched its popular chatbot platform, ChatGPT. The company is targeting $125 billion in revenue by 2029.
OpenAI is under some pressure to increase revenue quickly. The company burns billions of dollars each year hiring and recruiting talent to work on its AI products, and securing the necessary infrastructure to train and run AI systems. OpenAI has not disclosed its operating expenses or whether it is close to profitability.
