Report Indicates OpenAI’s Revenue Boom

Report Indicates OpenAI's Revenue Boom

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According to a report published on Wednesday by The Information, OpenAI has doubled its annual revenue, a measure calculated by multiplying the previous month’s revenue by 12, as the publication helpfully explained over the past six months.

Reportedly, CEO Sam Altman informed employees that OpenAI’s annual revenue has reached $3.4 billion, up from $1.6 billion at the end of last year and $1 billion the previous year.

Most of this revenue came from the subscription version of ChatGPT, which offers higher messaging limits for people paying at least $20 per month, as well as from developers who pay the company to use its large language models in their applications and services.

Report Indicates OpenAI's Revenue Boom

Approximately $200 million annually comes from Microsoft, which gives OpenAI a share of the sales of OpenAI’s large language models to customers using Azure, Microsoft’s cloud computing platform targeting enterprises.

Notably, an OpenAI spokesperson told The Information that the financial data was “inaccurate” but did not specify which details were contested.


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