According to sources familiar with OpenAI’s financials, the artificial intelligence (AI) company, supported by Microsoft, achieved a significant milestone by surpassing $2 billion in revenue in December. Microsoft and OpenAI have not yet responded to Reuters’ requests for comments on this development.
OpenAI is optimistic about its future growth, aiming to more than double its revenue in 2025. The company attributes this projection to the strong interest it has received from business customers eager to integrate its generative AI tools into their workplaces.
The Information previously reported that OpenAI’s annualized revenue reached $1.6 billion in December, experiencing substantial growth driven by its ChatGPT product. This marked an increase from $1.3 billion reported in mid-October.
Investors have valued the San Francisco-based startup at over $80 billion, indicating significant confidence in its potential and trajectory.
In further developments, OpenAI’s CEO, Sam Altman, is reportedly in discussions with investors, including those from the UAE, to secure funds for a technology initiative. The initiative aims to enhance global chip-building capacity and expand OpenAI’s capabilities in powering artificial intelligence applications. This information was reported by the Wall Street Journal on Thursday.
