OpenAI Revenue Doubles 170% to $3.4 Billion in Six Months, Driven by ChatGPT Sales

Jun 12, 2024, 10:03 PM

OpenAI has reported a significant increase in its revenue, which has doubled over the past six months, reflecting a 170% growth. The company's annual recurring revenue (ARR) now stands at $3.4 billion, up from $1.6 billion. Contrary to some expectations, this growth is primarily driven by direct sales from ChatGPT and other OpenAI products, rather than partnerships with companies like Microsoft. This rapid growth underscores the increasing commercial viability of generative AI technologies.