OpenAI is nearing 700 million weekly users, a significant increase from 500 million at the end of March, as anticipation builds for GPT-5’s release. Nick Turley, OpenAI’s head of product, highlights that teams are continuously pushing boundaries in AI development, with a busy week ahead as engagement spikes. This surge follows an impressive $8.3 billion funding round led by top investors like Dragoneer and a16z, propelling annual recurring revenue to $13 billion with a target of $20 billion by year-end. CEO Sam Altman suggests that GPT-5’s launch is imminent, creating excitement in the market and boosting Microsoft (NASDAQ: MSFT) shares by 2.2%. For investors, this growth in users and funding enhances revenue and research capabilities, while GPT-5’s release will be a crucial factor influencing subscription and enterprise performance. This article originally appeared on GuruFocus.
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