OpenAI's annual revenue reached $1.6 billion in December 2023, thanks to strong growth from its ChatGPT product. (Source: Reuters) |
OpenAI believes it can more than double that revenue by 2025, based on strong interest from enterprise customers looking to use the company's technology to implement innovative AI tools in the workplace, the report said.
Previously, Information reported that OpenAI's annual revenue reached $1.6 billion in December 2023, thanks to strong growth from its ChatGPT product, up from $1.3 billion in mid-October 2023.
Investors have valued the San Francisco-based startup at more than $80 billion.
OpenAI director Sam Altman is in talks with investors, including the United Arab Emirates, to fund a technology initiative aimed at boosting the world 's chipmaking capacity and expanding the ability to power AI, among other things.
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