OpenAI Hits $12 Billion in Annual Revenue, Doubled in Just 7 Months
According to The Information, OpenAI has doubled its revenue in the first 7 months of the year, reaching $12 billion/year. Microsoft and major investors continue to pour capital into AI.
ChatGPT maker OpenAI nearly doubled its revenue in the first seven months of this year to $12 billion in annual revenue, according to a report from The Information on Wednesday. Reuters could not immediately confirm the report, and OpenAI declined to comment.
That figure suggests that OpenAI is generating $1 billion a month. The report also said the company has about 700 million weekly active users for its ChatGPT products, which are used by both consumers and enterprise customers.
The Microsoft-backed company raised its cash burn forecast to about $8 billion by 2025, up $1 billion from its previous forecast earlier this year, The Information reported.
OpenAI is raising investors for the second part of its $30 billion funding round, with shareholders Sequoia Capital and Tiger Global Management reportedly investing hundreds of millions of dollars in the round.
The investors, in addition to Japan’s SoftBank (9984.T), are close to finalizing a $7.5 billion commitment for that second round of funding. The Japanese conglomerate has agreed to invest a total of $32 billion in OpenAI since its initial investment in the fall of 2024.