Loading...
Market
OpenAI's market position compared to competitors by end of 2024
5
Resolution / Starting Odds
Maintains strong market position • 33%
Loses significant market share • 33%
Gains significant market share • 33%
Market analysis reports from reputable firms (e.g., Gartner, Forrester)
Story
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.
View original story
Similar markets
Significant decrease • 25%
Minor decrease • 25%
No significant change • 25%
Increase due to heightened publicity • 25%
Less than 25% • 25%
25% to 35% • 25%
35% to 45% • 25%
More than 45% • 25%
<5% • 25%
5%-10% • 25%
10%-20% • 25%
>20% • 25%
Less than 10% • 25%
10% to 25% • 25%
25% to 50% • 25%
More than 50% • 25%
Below $30 billion • 33%
$30 billion to $50 billion • 33%
Above $50 billion • 34%
Increase more than 20% • 25%
Increase 10-20% • 25%
Increase less than 10% • 25%
Decrease or no change • 25%
Increase in valuation • 33%
Decrease in valuation • 33%
No significant change in valuation • 34%