OpenAI claims to have hit $10B in annual income

OpenAI says it lately hit $10 billion in annual recurring income, up from round $5.5 billion final 12 months.

That determine contains income from the corporate’s client merchandise, ChatGPT enterprise merchandise, and its API, an OpenAI spokesperson instructed CNBC. Presently, OpenAI is serving greater than 500 million weekly energetic customers and three million paying enterprise prospects.

The income milestone comes roughly two and a half years after OpenAI launched its well-liked chatbot platform, ChatGPT. The corporate is concentrating on $125 billion in income by 2029.

OpenAI is beneath some stress to extend income rapidly. The corporate burns billions of {dollars} annually hiring and recruiting expertise to work on its AI merchandise, and securing the required infrastructure to coach and run AI programs. OpenAI has not disclosed its working bills or whether or not it’s near profitability.