OpenAI has hit $10 billion in annual recurring revenue less than three years after launching its popular ChatGPT chatbot.
The figure includes sales from the company’s consumer products, ChatGPT business products and its application programming interface, or API. It excludes licensing revenue from Microsoft
and large one-time deals, according to an OpenAI spokesperson.
For all of last year, OpenAI was around $5.5 billion in ARR. Reaching its meteoric growth rates requires a substantial amount of cash. The San Francisco-based startup lost about $5 billion last year.
OpenAI is also targeting $125 billion in revenue by 2029, according to a person familiar with the matter who asked not to be named because the details are confidential. The Information first reported on OpenAI’s revenue ambitions.
