OpenAI Reaches $10 Billion in Annual Recurring Revenue, According to Report (MSFT: NASDAQ)

OpenAI, the generative AI firm supported by Microsoft, has achieved $10 billion in annual recurring revenue, according to CNBC. This milestone encompasses income from its ChatGPT offerings and revenue generated through its application programming interface (API). A company spokesperson confirmed these figures, highlighting the significant growth and financial success of OpenAI’s initiatives in the AI landscape. The achievement reflects the increasing demand for AI-driven solutions and the effectiveness of OpenAI’s technologies in various applications.

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