OpenAI’s Annual Revenue Could Reach $70 Billion!
According to sources, OpenAI, the creator of ChatGPT, had annual revenue of approximately $50 billion at the end of September.
OpenAI expects its annual revenue to reach or exceed $70 billion by the end of the year. One of the main drivers of this growth is rising demand for the artificial intelligence services the company provides to businesses.
According to sources, the annual revenue of OpenAI, the creator of ChatGPT, stood at approximately $50 billion at the end of September. The company reportedly shared these figures with investors during discussions aimed at securing new funding.
OpenAI is reportedly negotiating to raise $30 billion or more at a valuation of $1.4 trillion. In March, the company raised $122 billion in its latest funding round, reaching a post-money valuation of $852 billion.
Anthropic, another company operating in the artificial intelligence sector, is also experiencing rapid revenue growth. According to reports, its annual revenue reached $65 billion by the end of July.
News about OpenAI's revenue has also affected the technology market. On Thursday, technology stocks declined, with the Nasdaq 100 falling 1.4% and an index tracking major chipmakers dropping 3.4%. However, futures indexes rose after reports emerged that OpenAI's revenue could reach $70 billion.