Although OpenAI shook the agenda recently with the sudden firing of CEO Sam Altman and his immediate return, it continues to take firm steps financially. According to the latest data, the company generated approximately $1.6 billion in revenue.
OpenAI increased its annual revenue by 5,700 times!
OpenAI revenue has surged 20 percent in just two months, surpassing the $1.3 billion it reached in mid-October. The company has also successfully retained corporate customers. However, this rapid growth is due to the popularity of ChatGPT.
In addition, according to information obtained from two sources close to this issue, the company provided increasing revenue statistics to The Information. Since OpenAI launched ChatGPT in February this year, it has been on a wave of growth, with user subscriptions constantly increasing.
Latest data reveals that the company could generate monthly revenue of $130 million. But what’s even more impressive is how the startup compares to its financial position in 2022. Revealed data shows that OpenAI’s 12-month revenues last year were only $28 million.
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If we take the last figure into account, this means that the company’s revenues increased by 5,700 percent in one year. This growth will also increase the interest of investors. According to Bloomberg, OpenAI plans to launch a new investment round with a targeted valuation of $100 billion or more.
The identity of the company’s potential new partners has not yet been announced. There are also claims that OpenAI has entered the custom chip market and is in talks to take things to the next level by investing between $8 billion and $10 billion in Abu Dhabi-based G42.
Market research firm CB Insights predicts that if the $100 billion valuation round goes ahead as planned, OpenAI will become the second most valuable startup in the United States, just behind Elon Musk’s SpaceX. OpenAI’s growth story is one testament to the progress and potential of artificial intelligence.
The success achieved through the popularity of ChatGPT opens the door to more sophisticated and vital applications in the future. However, ethical concerns and misuse of technology are also factors that should not be ignored. We will be watching with interest to see how OpenAI will continue this rapid growth and use its technology responsibly.