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Mikel Amigot, IBL News | New York
OpenAI claimed it reached $10 billion in annual recurring revenue (ARR), up from $5.5 billion the previous year, primarily driven by its ChatGPT business products and developer API, with three million paying business customers. The company aims to achieve $125 billion in revenue by 2029.
An OpenAI spokesperson provided CNBC with these figures and stated that the company, which launched its flagship product ChatGPT two and a half years ago, is currently serving more than 500 million weekly active users.
However, the San Francisco-based research lab refused to disclose its operating expenses or whether it is close to profitability. Last year, it lost about $5 billion.
In March, OpenAI closed a $40 billion funding round, marking the largest private tech deal on record.
According to today’s metrics, OpenAI is valued at approximately $157 billion, which is 30 times its revenue.
This number highlights the growth expectations of some of its largest investors. OpenAI is backed by Japan’s SoftBank, Microsoft, Coatue, Altimeter, Thrive, and other notable venture capital firms.
