OpenAI on track to hit $2bn revenue milestone as growth rockets

tech
Created 2/11/2024
Updated 2/11/2024

Imagine this: OpenAI, the brain behind the super-smart ChatGPT, is now rolling in dough, with its cash register ringing up to a cool USD2 billion a year. It's like watching a rocket take off, with OpenAI zooming up to join the elite club of tech giants like Google and Meta, who've hit the billion-dollar revenue mark in less than ten years. Since flipping the switch from a non-profit to a money-making machine in 2020, OpenAI's wallet has gotten fatter, faster. Despite a little drama last November with their CEO playing a game of musical chairs, they're still leading the pack in the AI gold rush, with big plans to double their treasure by 2025. But here's the kicker: despite the cash flood, OpenAI is still spending more than it's saving, mainly because teaching AI to be brilliant is as pricey as feeding a small country. But with deep-pocketed Microsoft by its side, they're not sweating it. They're even selling their smarts to big names, making OpenAI not just a brainiac in the lab but also a hotshot in the market. So, while they're out there spending big on brainpower, the future's looking shiny, with a sprinkle of silicon chip magic to keep costs down.

Original Article


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