Latest news with #OpenAI-backer
The Hindu
an hour ago
- Business
- The Hindu
OpenAI's annualised revenue hits $10 billion, up from $5.5 billion in December 2024
OpenAI said on Monday that its annualised revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Its projected annual revenue figure based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption and use of its popular ChatGPT artificial-intelligence models continue to rise. This means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier. The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC. Considering the startup lost about $5 billion last year, OpenAI's revenue milestone shows how far ahead the company is in revenue scale compared to its competitors, which are also benefiting from growing AI adoption. Anthropic recently crossed $3 billion in annualised revenue on booming demand from code-gen startups using its models. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group, at a $300 billion valuation. In more than two years since it rolled out its ChatGPT chatbot, the company has introduced a bevy of subscription offerings for consumers as well as businesses. OpenAI had 500 million weekly active users as of the end of this March.
Time of India
2 hours ago
- Business
- Time of India
OpenAI's annualised revenue hits $10 billion, up from $5.5 billion in December 2024
OpenAI said on Monday that its annualised revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption . Its projected annual revenue figure, based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption and use of its popular ChatGPT artificial-intelligence models continue to rise. This means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC. Considering the startup lost about $5 billion last year, OpenAI's revenue milestone shows how far ahead the company is in revenue scale compared to its competitors, which are also benefiting from growing AI adoption. Live Events Anthropic recently crossed $3 billion in annualised revenue on booming demand from code-gen startups using its models. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group , at a $300 billion valuation. In more than two years since it rolled out its ChatGPT chatbot, the company has introduced a bevy of subscription offerings for consumers as well as businesses. OpenAI had 500 million weekly active users as of the end of this March.
The Star
5 hours ago
- Business
- The Star
OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024
FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Its projected annual revenue figure based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption and use of its popular ChatGPT artificial-intelligence models continue to rise. This means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier. The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC. Considering the startup lost about $5 billion last year, OpenAI's revenue milestone shows how far ahead the company is in revenue scale compared to its competitors, which are also benefiting from growing AI adoption. Anthropic recently crossed $3 billion in annualized revenue on booming demand from code-gen startups using its models. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group, at a $300 billion valuation. In more than two years since it rolled out its ChatGPT chatbot, the company has introduced a bevy of subscription offerings for consumers as well as businesses. OpenAI had 500 million weekly active users as of the end of this March. (Reporting by Juby Babu in Mexico City and Krystal Hu in New York; Editing by Pooja Desai)
Yahoo
8 hours ago
- Business
- Yahoo
OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024
(Reuters) -OpenAI ( said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Its projected annual revenue figure based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption and use of its popular ChatGPT artificial-intelligence models continue to rise. This means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier. The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC. Considering the startup lost about $5 billion last year, OpenAI's revenue milestone shows how far ahead the company is in revenue scale compared to its competitors, which are also benefiting from growing AI adoption. Anthropic recently crossed $3 billion in annualized revenue on booming demand from code-gen startups using its models. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group, at a $300 billion valuation. In more than two years since it rolled out its ChatGPT chatbot, the company has introduced a bevy of subscription offerings for consumers as well as businesses. OpenAI had 500 million weekly active users as of the end of this March.
Yahoo
9 hours ago
- Business
- Yahoo
OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024
(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Its projected annual revenue figure based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption and use of its popular ChatGPT artificial-intelligence models continue to rise. This means OpenAI is on track to achieve its revenue target of $12.7 billion in 2025, which it had shared with investors earlier. The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC. Considering the startup lost about $5 billion last year, OpenAI's revenue milestone shows how far ahead the company is in revenue scale compared to its competitors, which are also benefiting from growing AI adoption. Anthropic recently crossed $3 billion in annualized revenue on booming demand from code-gen startups using its models. OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group, at a $300 billion valuation. In more than two years since it rolled out its ChatGPT chatbot, the company has introduced a bevy of subscription offerings for consumers as well as businesses. OpenAI had 500 million weekly active users as of the end of this March. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
