OpenAI revealed that its nascent advertising business has achieved a $1 billion annualized revenue run rate, a significant milestone reached within just 200 days of its inception.
The Sam Altman-led company assured on Monday that its ads are distinctly marked and do not affect ChatGPT’s responses. Moreover, advertisers are not given access to users’ private conversations, reported CNBC.
The advertising arm, which is barely 200 days old, supplements OpenAI’s existing revenue channels, such as enterprise solutions, consumer subscriptions, and usage-based application programming interfaces.
In a press release, the company stated, “Our next phase of growth will bring ChatGPT Ads to more markets and introduce additional formats, objectives, buying options, and measurement capabilities.” OpenAI also intends to explore novel ways for businesses to engage with consumers more organically within ChatGPT.
OpenAI Expands Ads Ahead of IPO Push
