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.

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.