ChatGPT Maker’s Annual Revenue Was $1.6 Billion in 2023. OpenAI, a burgeoning tech startup, navigated recent upheaval without compromising performance. Despite the temporary dismissal and subsequent reinstatement of CEO Sam Altman a few weeks ago, The Information’s latest report reveals OpenAI, the creator of ChatGPT, achieved an impressive $1.6 billion in revenue, marking a 20% growth within two months and surpassing the mid-October figure of $1.3 billion.
This remarkable revenue surge, despite management challenges, outpaces figures from mid-October, with OpenAI members expressing confidence in a potential staggering growth to $5 billion by the end of 2024—a remarkable 310% increase. The company’s ability to sustain this upward trajectory is highlighted by a 20% increase in just two months, emphasizing its success in marketing AI technology to both corporate and individual clients.
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OpenAI’s revenue primarily comes from ChatGPT subscriptions and API fees for software developers. Bloomberg’s December report revealed OpenAI’s pursuit of additional capital with a potential $100 billion valuation, equating to a notable 62 times its projected earnings—an ambitious goal reflecting industry trends.
Comparatively, Anthropic, an OpenAI rival in AI model development, forecasts a $200 million annual revenue for the current year, with investors valuing the company at an astonishing 75 times its anticipated revenue in its funding round.
