OpenAI's official announcements or press releases

OpenAI Revenue Doubles to $3.4 Billion in Six Months, Marking 170% Growth

Jun 13, 2024, 04:59 AM

OpenAI has reported a significant increase in its revenue, doubling in the past six months to reach an annual run rate of $3.4 billion, marking a 170% growth. Contrary to popular belief, the majority of this revenue is generated directly from sales of ChatGPT and other OpenAI products, rather than through partnerships with Microsoft. Despite this growth, user numbers for ChatGPT have plateaued at 100 million. OpenAI's rapid revenue growth highlights its strong market position, even as it faces competition from publicly available models. The company also benefits from its partnership with Microsoft, which contributes around $200 million through Azure sales. New partnerships with companies like Apple and Oracle are expected to further accelerate OpenAI's growth. OpenAI had previously lost over $500 million in 2022 when it generated $28 million in revenue and now has about 7 million ChatGPT pro members.