OpenAI Surpasses $10 Billion in Annual Revenue Driven by ChatGPT Surge

OpenAI has reported a significant turnaround, now boasting $10 billion in annual recurring revenue from its ChatGPT business products, after a $5 billion loss a year prior. This surge is attributed to a 50% increase in its paid user base, growing from two million to three million in just a few months. Notably, 75% of OpenAI’s revenue comes from paid subscriptions, with ChatGPT Pro costing $200 monthly. Following a $40 billion fundraising deal that valued the company at $300 billion, OpenAI anticipates tripling its revenue to $12.7 billion in 2024, though it’s projected to remain cash-negative until 2029. Additionally, OpenAI plans to collaborate with designer Jony Ive to create 100 million small AI devices, which CEO Sam Altman believes could revolutionize consumer technology and generate $1 trillion in revenue, with the first version expected to launch in late 2026.

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