Billion dollars in OpenAI revenues supported by GPT Chat
The annual revenues of OpenAI, a company supported by Microsoft, have reached nearly $1 billion, driven by the growing popularity of the GPT Chat chatbot. According to sources familiar with the matter, OpenAI generates approximately $80 million monthly revenue. This significant revenue surge follows a period of investment, with the company reportedly losing around $540 million in 2022 while developing GPT-4 and GPT Chat.
OpenAI’s focus on attracting corporate customers has been a critical strategy to boost revenues. The company introduced a corporate version of GPT Chat in August, offering additional features and privacy guarantees. Since the launch of its chatbot in November, OpenAI has been collaborating with numerous companies to integrate its generative artificial intelligence technology into their products and services.
This substantial revenue growth highlights the demand for advanced AI solutions like GPT Chat in various industries and the potential for AI-driven products to become profitable for tech companies.