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Stealth • 5m

OpenAI has generated $3.4 billion in annualized revenue from ChatGPT subscriptions as of mid-2024. This represents a more than doubling of revenue from late 2023, when it was around $1.6 billion. Most of OpenAI's revenue, about $3.2 billion on an annualized basis, comes directly from ChatGPT subscriptions and enterprise usage fees. The company has seen accelerating adoption of its conversational AI and chatbot technology by businesses and individuals. OpenAI's impressive revenue growth underscores the rapid expansion of its business, despite intensifying competition in the sector. The company has allied with Microsoft, which has invested over $10 billion and provides OpenAI access to Azure cloud servers. Microsoft is embedding ChatGPT into many of its services. The cost to run ChatGPT at scale is estimated at $3 million per month for OpenAI. However, the technology's popularity has far exceeded expectations, with ChatGPT reaching 100 million active user 🔥🎯

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John Schulman, co-founder of OpenAI, announced his exit from the company today. He is set to join OpenAI's rival Anthropic.

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