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08/30/2023
Report: OpenAI Approaches $1 Billion in Yearly Revenue
PYMNTS
OpenAI is reportedly on the road to reaching $1 billion in yearly revenue.
The maker of the generative artificial intelligence (AI) bot ChatGPT is taking in roughly $80 million in revenue per month, Bloomberg News reported late Tuesday (Aug. 29), citing a source familiar with the matter.
ChatGPT’s debut last fall has ushered in a flurry of investment in the generative AI sector, with OpenAI — backed by Microsoft — among the standouts in the field. PYMNTS has contacted OpenAI for comment but has not yet received a reply.
Earlier this week, OpenAI released ChatGPT Enterprise, a corporate version of the tool which the Bloomberg report argues is the company’s largest effort thus far to draw a wide range of business clients and increase revenue from its flagship offering.
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