OpenAI expects revenue to triple this year and more than double next year

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ODAILY
03-26
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Odaily Odaily News: Driven by the strength of its paid artificial intelligence software, OpenAI expects its revenue to more than triple this year to $12.7 billion, up from $3.7 billion last year, according to a person familiar with the matter. In addition, OpenAI expects revenue to continue to grow rapidly, more than doubling to $29.4 billion next year. More than two years since OpenAI launched ChatGPT, the company has launched a range of subscription services for consumers and businesses. Last September, OpenAI said that the company's version of ChatGPT had 1 million paying users. While revenue is soaring, OpenAI is also facing huge costs from the chips, data centers and talent needed to develop cutting-edge artificial intelligence systems. The person familiar with the matter said that OpenAI does not expect to achieve positive cash flow until 2029, when revenue is expected to exceed $125 billion.

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