OpenAI reaches $1.6 billion in annual revenue

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Thanks to strong growth in artificial intelligence products such as ChatGPT, OpenAI’s annualized revenue has exceeded US$1.6 billion, higher than the previous estimate of US$1.3 billion.

Latest data suggests that ChatGPT’s sales subscription and access via API model brings in at least $130 million in monthly revenue. Although OpenAI experienced a leadership crisis in November, it has still managed to maintain business momentum in selling AI to enterprises, with diversified products and services being a key factor.

In the highly competitive field of AI, OpenAI continues to achieve success in technology and market leadership. Based on the growth rate, OpenAI predicts that annualized revenue may reach US$5 billion by the end of 2024.

Expectations earlier this year have been revised upward several times, demonstrating its importance and influence in the rapidly developing field of AI.

(Source: enanyang Image source: freepik)

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