OpenAIWhile it has increased its revenues with the success of ChatGPT, it is also facing huge losses. Documents reviewed by US journalists reveal that the company generated $300 million in monthly revenue in August, representing a 1700 percent increase compared to the previous year. However, rapid growth; Cloud computing has also led to a huge increase in expenses such as salaries and office space.
OpenAI revenue increased by 1700% but will lose $5 billion
OpenAI this year 5 billion dollars of damage is expected to do. The company, which is expected to generate $3.7 billion in revenue in 2024, thinks that losses will increase even more without new funds. This situation once again revealed the difficulty of controlling costs in ambitious technology companies.
OpenAI aims to raise $7 billion in a new funding round led by Thrive Capital. This round could value the company at $150 billion, making it one of the brands with the highest valuations.
In addition to the $750 million direct investment, Thrive Capital will raise an additional $450 million from other investors through a private round. Brands such as Apple, Nvidia and Microsoft are expected to participate in this funding process.
The company announced that the number of users, which was 100 million in March, has now reached 350 million per month. It also predicts revenue could rise to $11.6 billion next year and $100 billion by 2029.
But OpenAI’s dependence on Microsoft’s cloud services is causing costs to skyrocket. The company recognizes that it must continue to raise funds quickly due to more customers and staff. Of course, among all these, it should not be forgotten that services such as ChatGPT Plus may increase.