OpenAI's Revenue Crossed $1.3 Billion Annualized Rate, CEO Tells … – The Information
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ChatGPT maker OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week, according to several people with knowledge of the matter. Altman’s remark implies the company is generating more than $100 million per month, up 30% from this summer, when the Microsoft-backed startup generated revenue at a $1 billion-a-year pace.
The revenue pace, largely from subscriptions to its conversational chatbot, represents remarkable growth since the company launched a paid version of ChatGPT in February. For all of last year, the company’s revenue was just $28 million. Since the release of ChatGPT, OpenAI has become a closely watched barometer of demand for artificial intelligence that can help software developers code faster and help business managers quickly summarize documents or generate blog posts and advertising materials.
