OpenAI's annual revenue may have surpassed the $2 billion milestone, making it one of the fastest-growing technology companies in history.
On Friday, according to **, citing people familiar with the matter,OpenAI's annual revenue may have reached $2 billion in December 2023 (a measure of monthly revenue multiplied by 12). According to previous reports, its annual revenue reached $1.3 billion as of October last year, and the pace of revenue growth continues to accelerate.
More enterprise customers are adopting generative AI tools to improve productivity, and that number is expected to double by 2025, the people added.
OpenAI CEO Sam Altman previously said,Consumer and business interest in generative AI has skyrocketed, with 92% of Fortune 500 companies using OpenAI products as of November last year, including ChatGPT and its underlying AI model, GPT-4, and the AI chatbot ChatGPT has reached 100 million weekly active users.
As growth accelerates, OpenAI's valuation has risen, with OpenAI recently raising $86 billion at a valuation, about three times its valuation in April last year.
Despite the rapid growth in revenue, Altman previously noted that OpenAI is still in the red due to the high cost of building and running models. As the company develops more sophisticated models, it is expected that expenses will continue to outpace revenue growthThe company may also need to raise tens of billions of dollars to meet the costs.
To address this, Altman seeks to raise up to $7 trillion to increase global chip manufacturing capacity to reduce costs for AI companies like OpenAI. People familiar with the matter pointed out that Altman suggested that OpenAI, various investors, chip manufacturers and power ** companies establish a cooperative relationship to jointly fund the establishment of chip foundries. He posted on X this week:
Building a large-scale AI infrastructure, as well as a resilient ** chain, is essential for competitiveness, and OpenAI will do its best to help!In addition, OpenAI's competitors, including tech giants like Google and Meta, as well as start-ups like Anthropic, Mistral and Cohere, are beginning to commercialize their AI products. On Thursday, Google announced the launch of its new artificial intelligence system, Gemini, which allows users to use the premium version of Google's Gemini for $20 per month.