According to TechCrunch, the revenue streams from consumer products, 500 million active weekly ChatGPT users, API sales, and 3 million paying business customers.
AI industry is booming
This caps six months of remarkable growth for the AI business. Recently, Anthropic reported record revenue growth, having reached $3 billion in revenue so far this year.
OpenAI is, however, burning through cash at astronomical rates, and spent some $5 billion last year, according to CNBC, on revenues of $5 billion.
ChatGPT is very expensive to run
That money went to hiring and retaining talent, securing server capacity to run ChatGPT and fetching even more compute power for training its upcoming models.
At this rate, it should explode its projected earnings for the full year, and maybe even increase its target of making $125 billion in sales by 2029.
Read more: CNBC broke the news, TechCrunch has a writeup, and teknotum’s OpenAI expects positive cash flow, $125 billion in sales by 2029.