OpenAI Doubles Annual Revenue to $10 Billion in Just Six Months — Capital Insights

OpenAI achieved an annual recurring revenue (ARR) of $10 billion as of June, nearly double its ARR from December, according to a company spokesperson. This milestone comes two and a half years after the launch of its ChatGPT chatbot. In March, OpenAI secured a $40 billion funding round, valuing the company at $300 billion. For 2023, it aims for $12.7 billion in revenue, with a long-term target of $125 billion by 2029. This ARR includes revenue from consumer products, ChatGPT offerings, and its API, excluding licensing from Microsoft and one-time deals. Last year, OpenAI had an ARR of about $5.5 billion but reported a $5 billion loss, as rapid growth necessitated significant cash outflows. As of late March, it had 500 million weekly active users and three million paying business users in October, up from two million in February.

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