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OpenAI doubles annualised revenue to $3.4 billion, says report

Livemint · 1y

OpenAI is projected to generate $3.4 billion in annual revenue, with $3.2 billion coming from its products and services. An additional $200 million is expected to be made through Microsoft Azure by offering access to its AI models. OpenAI has seen success with its ChatGPT and has been working to increase revenue by selling services to enterprise customers. The company has recently hired a new CFO, Sarah Friar, to support its AI research and global growth.