OpenAI’s impressive growth has propelled its annual recurring revenue (ARR) to $10 billion within just three years of launching the ChatGPT chatbot. This revenue encompasses consumer and business products and its API, excluding Microsoft licensing deals. In the previous year, OpenAI generated approximately $5.5 billion in ARR. Despite this success, the San Francisco startup faced a $5 billion loss last year, underscoring the financial demands of rapid expansion. OpenAI aims for a staggering $125 billion in revenue by 2029. The company recently closed a record $40 billion funding round, elevating its valuation to around 30 times its revenue, a reflection of its hyper-growth potential. Supported by investors, including Microsoft and SoftBank, OpenAI has captivated the market since the release of ChatGPT in late 2022 and boasts 500 million weekly active users along with three million paying business customers as of March 2025.
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