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OpenAI Claims It Reached $10 Billion In Annual Revenue

OpenAI Claims It Reached $10 Billion In Annual Revenue

  • OpenAI has reached $10 billion in annual recurring revenue (ARR), up from $5.5 billion last year, driven by its ChatGPT business products and developer API.
  • The company now serves over 500 million weekly active users and aims to achieve $125 billion in revenue by 2029.
  • OpenAI has closed a $40 billion funding round, marking the largest private tech deal on record, valuing the company at approximately $157 billion.
  • The company is backed by notable investors such as SoftBank, Microsoft, and Coatue, with growth expectations reflected in its valuation.
  • Despite reaching this milestone, OpenAI has refused to disclose its operating expenses or whether it is close to profitability, citing a loss of about $5 billion last year.

Mikel Amigot, IBL News | New York

OpenAI claimed it reached $10 billion in annual recurring revenue (ARR), up from $5.5 billion the previous year, primarily driven by its ChatGPT business products and developer API, with three million paying business customers. The company aims to achieve $125 billion in revenue by 2029.

An OpenAI spokesperson provided CNBC with these figures and stated that the company, which launched its flagship product ChatGPT two and a half years ago, is currently serving more than 500 million weekly active users.

However, the San Francisco-based research lab refused to disclose its operating expenses or whether it is close to profitability. Last year, it lost about $5 billion.

In March, OpenAI closed a $40 billion funding round, marking the largest private tech deal on record.

According to today’s metrics, OpenAI is valued at approximately $157 billion, which is 30 times its revenue.

This number highlights the growth expectations of some of its largest investors. OpenAI is backed by Japan’s SoftBank, Microsoft, Coatue, Altimeter, Thrive, and other notable venture capital firms.

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Q. What is OpenAI’s annual recurring revenue (ARR) for the current year?
A. $10 billion, up from $5.5 billion the previous year.

Q. Which business products and developer API drove OpenAI’s ARR growth?
A. ChatGPT business products and developer API.

Q. How many paying business customers does OpenAI have?
A. Three million.

Q. What is OpenAI’s revenue target by 2029?
A. $125 billion.

Q. How many weekly active users does OpenAI serve?
A. More than 500 million.

Q. When did OpenAI launch its flagship product ChatGPT?
A. Two and a half years ago.

Q. What was the operating loss of OpenAI last year?
A. About $5 billion.

Q. Who are some of the notable investors backing OpenAI?
A. Japan’s SoftBank, Microsoft, Coatue, Altimeter, Thrive, and other venture capital firms.

Q. How much did OpenAI close in its latest funding round?
A. $40 billion, marking the largest private tech deal on record.

Q. What is OpenAI’s current valuation?
A. Approximately $157 billion, which is 30 times its revenue.