and the distribution of digital products.
OpenAI confirms $10B annual revenue milestone
OpenAI announced it has reached $10 billion in annual recurring revenue, an increase from approximately $5.5 billion the previous year. The company’s revenue streams include consumer products, ChatGPT business products, and its API.
An OpenAI spokesperson confirmed to CNBC that the figure encompasses revenue from various sectors. The company currently supports over 500 million weekly active users, along with 3 million paying business customers.
This ChatGPT feature just quietly went free
This revenue milestone occurs approximately two and a half years after the launch of ChatGPT. OpenAI has set a revenue target of $125 billion by 2029.
OpenAI faces pressure to rapidly increase revenue due to substantial annual expenses for hiring, talent recruitment, and securing infrastructure for AI system training and operation. The company has not disclosed specific operating expenses or profitability status.