OpenAI Surpasses $10B in Annual Recurring Revenue Amid Surge in ChatGPT Usage

OpenAI has achieved a remarkable milestone, reaching $10 billion in annual recurring revenue, a significant increase from $1.6 billion just 18 months ago. This revenue stems from various sources, including consumer products, ChatGPT business offerings, and its API, while excluding Microsoft licensing and large one-time deals. The company has rapidly expanded its user base, reportedly growing to between 800 million and 1 billion users by April 2023. OpenAI aims to reach $125 billion in revenue by 2029 and has raised approximately $57.9 billion to support its growth and innovation. Recent acquisitions include Windsurf for $3 billion, enhancing its coding tools, and io Products Inc. for $6.5 billion, focusing on AI-powered consumer devices. These moves signify OpenAI’s strategic shift into hardware, aiming to integrate AI more deeply into consumer experiences, solidifying its position as a leader in generative AI technology.

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