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OpenAI on Monday said its nascent advertising business has reached a $1 billion annualized revenue run rate less than 200 days after its launch.
Why it matters: Advertising revenue is critical to supporting access to free generative AI services. This is especially true for AI companies like OpenAI that are looking to go public in coming months.
Zoom in: In a blog post Monday, OpenAI said "tens of thousands of advertisers" now used ChatGPT Ads, which is available in more than 40 countries.
