Report Indicates OpenAI’s Revenue Boom

Report Indicates OpenAI's Revenue Boom

Table of content

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.

Source

Related Posts

Older Galaxy Watches Can Now Join One UI 6 Watch Beta

Older Galaxy Watches Can Now Join One UI 6 Watch Beta

Reading Time: 0:59 min

Samsung is gearing up for the Galaxy Unpacked event scheduled for July 10th in Paris, where the company is expected to unveil its new Galaxy Watch 7 series. Alongside the…

View post
YouTube

YouTube May Soon Allow You to Upload Custom Thumbnails for Your Playlists

Reading Time: 1:31 min

Google might introduce a new feature on YouTube that allows users to upload custom thumbnails for their video playlists. This update was discovered through code analysis in the latest beta…

View post
iPhone Price Cuts Help Maintain Growth in the World's Largest Smartphone Market

iPhone Price Cuts Help Maintain Growth in the World’s Largest Smartphone Market

Reading Time: 1:36 min

IPhone shipments recovered in the world’s largest smartphone market from the previous month. During the first week of 2024, phone sales fell by 30% year-on-year due to issues with damp…

View post

Leave the first comment