OpenAI, the artificial intelligence startup behind chatbot phenomenon ChatGPT, is poised to hit more than $1 billion in annual revenue, according to a new report.
Details on the earnings of artificial intelligence startups are first reporter information On Tuesday, the publication revealed that OpenAI’s revenue exceeded figures the company had previously presented to shareholders.
information OpenAI is currently generating about $80 million in monthly revenue, the report said, defying previous expectations that it would hit the $1 billion annual revenue milestone by 2024. Reuters Last December.
Last year, before OpenAI started charging users to access ChatGPT, its generative AI chatbot, OpenAI’s annual revenue was just $28 million. information.
The Chatbot, Powered by OpenAI’s Large Language Models (LLM), Becomes the Fastest Growing Application in History earlier this yearreaching 100 million users far faster than early internet hits like Instagram, Netflix and TikTok.
It has the uncanny ability to mimic human conversation mission accomplished Capabilities such as writing poems, recommending restaurants and breaking down complex topics have made ChatGPT an Internet star, but to some users the bot also comes across as “unhinged” and argumentative.
The success of ChatGPT – triggered Artificial intelligence investment wave from big tech companies go beyond——can put OpenAI on track to recover some of the losses, doubling the losses to About US$540 million In 2022, the startup developed its flagship chatbot.
An OpenAI spokesman could not immediately be reached for comment on the company’s earnings.
revenue driver
This year, the company was privately valued at about $27 billion $300 million in stock sales April – redouble your efforts to increase income.
OpenAI launches ChatGPT commercial version this week, the ChatGPT Enterprise model has improved security and privacy features. Early adopters include Canva, Estée Lauder and PwC, the company said in a Monday blog post.
“Since ChatGPT launched nine months ago, we’ve seen teams at more than 80 percent of Fortune 500 companies adopt it,” OpenAI added.
Seven months ago, OpenAI launched a $42-a-month premium subscription for ChatGPT’s most loyal users.
For now, ChatGPT remains free for casual users, but access may be affected by high demand levels, and non-subscribers will not be able to access all the features available to paid chatbots.
CEO Sam Altman december says OpenAI “has to be monetized (ChatGPT) somehow at some point,” suggesting that the computational costs involved in running the program are “dizzying.”
In addition to making money through ChatGPT, OpenAI also generates income by selling products API access to its AI models.
However, it may be a while before the company fully reaps the rewards of its own success. Under the terms of an agreement struck with Microsoft earlier this year, the tech giant is entitled to 75 percent of OpenAI’s profits until its $13 billion investment in the startup is repaid.
information also previously reported Altman expects OpenAI’s ambitions around artificial general intelligence (AGI) to cost it another $100 billion.
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