OpenAI Reaches $10 Billion Annual Revenue!
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OpenAI has reached a new milestone: The company now reports annual recurring revenue (Annual Recurring Revenue, ARR) of $10 billion, less than three years after the launch of ChatGPT. This revenue includes both earnings from the end consumer business and from enterprise solutions and API usage. Revenue from licenses such as that from Microsoft is not included. In comparison: Last year, the ARR was about $5.5 billion, a doubling within 12 months. However, the rapid expansion comes at a high cost: In 2023, OpenAI incurred a loss of around $5...
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