OpenAI revenue – pressnews

[ad_1] OpenAI, the company behind the popular ChatGPT chatbot, has witnessed a massive uptick in its revenue growth. Company CEO Sam Altman has told his staff that the annualized rate of revenue has crossed $1.3 billion, as per a report. This implies that the company is generating $100 million every month, which is a jump of 30 percent since summer. Till recently, it clocked a steady revenue of $1 billion a year.As per a report by The Information, the growth in the revenue has majorly come from the volume of subscriptions to the premium versions of its conversational chatbot ChatGPT, which has seen a huge increase since the release of the paid version in February 2023. Interestingly, prior to the launch of ChatGPT, the company's annual revenue was around $28 million, but once ChatGPT, p...

[ad_1] OpenAI is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence investment.The startup backed by Microsoft Corp. is earning about $80 million of revenue monthly, a person briefed on the matter said, asking to speak anonymously about undisclosed figures. The Information first reported on OpenAI's revenue, including that it lost around $540 million in 2022 developing GPT-4 and ChatGPT. A representative for the startup didn't immediately respond to requests for comment outside normal business hours. OpenAI is regarded as one of several companies at the forefront of generative AI, which can create content from videos to poetry out of a few simple user commands. Since debuting i...

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