Several reports indicate that OpenAI has doubled its revenue in <6 months. Late 2023: $1.6 B May 2024: $3.4 B š”FutureSearch's report provides an interesting estimation of OpenAI's revenue breakdown - - $1.9 B from ChatGPT+, 7.7 M paying subscribers (55%) - $714 M from ChatGPT Enterprise, 1.2 M seats (21%) - $510 M from API fees (15%) - $290 M from ChatGPT Team, 980k seats (8%) šOpenAI has conducted two tender offers in the past two years: - Early 2023: Employees sold stock options to a16z, Sequoia, and K2 Global at a $29 B valuation. - February 2024: Another ESOP sale led by Thrive Capital, valuing the company at $86 B valuation. ā©Reference point: AI companies in the top 25% are currently valued at around 41x their earnings (HuggingFace, AtomicAI, Perplexity)
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