OpenAI has ballooned in size since the launch of ChatGPT in late 2022 and is expected to triple in revenue to $12.7 billion this year.

Altman also said that he thinks we’re in an AI “bubble.”

OpenAI has ballooned in size since the launch of ChatGPT in late 2022 and is expected to triple in revenue to $12.7 billion this year.

The start-up also generated US$1 billion in revenue in July, marking its first month hitting that milestone, finance chief Sarah Friar says.