OpenAI Secures $200 Million Contract to Develop AI Technology for U.S. Military

OpenAI has reported an impressive annual revenue run rate of $10 billion as of June, reflecting significant financial growth in response to increasing AI adoption. This strong performance positions the company favorably to achieve its full-year targets. In March, OpenAI revealed plans to raise up to $40 billion in a new funding round, led by SoftBank Group, aiming for a valuation of $300 billion. Additionally, by the end of March, OpenAI had reached a milestone of 500 million weekly active users, highlighting its expanding influence in the AI space.

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