9-2-2024 (SAN FRANCISCO) OpenAI, supported by Microsoft, reached a significant milestone in December, surpassing the US$2 billion revenue mark, as reported on Friday, citing sources familiar with the finances of the artificial intelligence (AI) startup.
According to the Financial Times report, OpenAI is optimistic about its prospects, aiming to more than double its revenue by 2025. The company attributes this forecast to the robust interest from corporate clients seeking to leverage its technology for adopting generative AI tools in their workplaces.
Neither Microsoft nor OpenAI immediately responded to Reuters’ request for comment regarding the report.
Earlier reports from The Information revealed that OpenAI’s annualized revenue had already exceeded $1.6 billion in December, driven by strong growth in its ChatGPT product. This marked a significant increase from the $1.3 billion reported in mid-October.
Investors have valued the San Francisco-based startup at over $80 billion, underlining the confidence in its potential and growth trajectory.
OpenAI’s CEO, Sam Altman, is reportedly engaged in discussions with investors, including the United Arab Emirates (UAE), to secure funding for a technological initiative aimed at bolstering the global chip-building capacity. The initiative also aims to expand the company’s capabilities in powering AI technologies, among other objectives, as per a report by the Wall Street Journal late on Thursday.
