OpenAI Hits $10 Billion in Annual Revenue, Expands Business User Base to 3 Million

OpenAI claims to have hit $10B in annual revenue | TechCrunch

OpenAI says it recently hit $10 billion in annual recurring revenue, up from around $5.5 billion last year. That figure includes revenue from the company's consumer products, ChatGPT business products, and its API, an OpenAI spokesperson told CNBC. Currently, OpenAI is serving more than 500 million weekly active users and 3 million paying business customers. The revenue milestone comes roughly two and a half years after OpenAI launched its popular chatbot platform, ChatGPT. The company is targeting $125 billion in revenue by 2029. OpenAI is under some pressure to increase revenue quickly. The company burns billions of dollars each year hiring and recruiting talent to work on its AI products, and securing the necessary infrastructure to train and run AI systems. OpenAI has not disclosed its operating expenses or whether it is close to profitability.

OpenAI's expected subscription revenue doubles to $10bn

OpenAI's annual recurring revenue has almost doubled to $10bn, on the back of surging demand for its artificial intelligence tool ChatGPT. The company's ARR -- a measure of expected revenue from subscriptions over a year -- has soared from the $5.5bn the company hit at the end of last year, according to OpenAI. OpenAI has grown at a breakneck pace since rolling out ChatGPT in late 2022. The chatbot was the fastest consumer app to reach 100mn weekly active users and now claims more than 500mn. That trajectory is mirrored by other leading AI groups including coding tool Cursor, which has raced to $500mn in ARR this year from less than $100mn in 2024. Another rival, Anthropic, is tracking ahead of its revenue targets for 2025, said two people with knowledge of the matter. The growth in recurring revenue suggests AI tools are beginning to justify the hype that has surrounded them over the past two years, with individual consumers and companies willing to pay to use them. Nonetheless, all three companies are lossmaking. The start-ups have gained traction in part because of investors' willingness to write them cheques of unprecedented size. OpenAI is in the process of raising $40bn from SoftBank and other investors, while Anthropic has the backing of Google, Amazon and a number of top venture capital firms. Cursor-parent Anysphere recently raised $900mn from investors including Josh Kushner's Thrive Capital, Accel and Andreessen Horowitz. The outlay from strategic investors and venture capitalists has turbocharged the growth of a handful of AI companies, which backers hope can expand quickly enough to crowd out competitors. Even so, there are signs adoption of AI tools may be slowing in some areas. The proportion of US businesses paying to use AI models has quadrupled to about 40 per cent in the past two years, according to fintech company Ramp. But that growth stalled in May for the first time in 10 months, and Ramp executives have suggested most groups that are willing to pay for the service are already doing so. OpenAI does not expect to be profitable until 2029, when it has forecast revenues of $125bn, according to documents shared with investors. The group's recurring revenue comes from consumers paying for ChatGPT, roughly 3mn subscriptions from business and education customers, and sales of OpenAI's application programming interface, or API, according to a spokesperson. The San Francisco-headquartered company is expanding in multiple directions. In recent weeks it has acquired io, the hardware start-up of former Apple design chief Sir Jony Ive, for $6.4bn and is in the process of acquiring code editing company and Cursor rival Windsurf, said people familiar with that deal. OpenAI is also working with Donald Trump's administration on Stargate, a massive data centre project which chief executive Sam Altman claims will underpin further advances in the technology.

OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024

June 9 (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 (MSFT.O), opens new tab 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 (9984.T), opens new tab, 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 Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence

OpenAI tops 3 million paying business users, launches new features for workplace

Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024. OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year. The 3 million users include ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu customers, OpenAI said. "There's this really tight interconnect between the growth of ChatGPT as a consumer tool and its adoption in the enterprise and in businesses," OpenAI's chief operating officer Brad Lightcap told CNBC in an interview. The company supported 400 million weekly active users as of February. OpenAI expects revenue of $12.7 billion this year, a source confirmed to CNBC. In September of last year, the company expected to see an annual loss of $5 billion on $3.7 billion in revenue, according to a person close to the company who asked not to be named because the financials are confidential. Lightcap said OpenAI is seeing its business tools adopted across industries, including highly regulated sectors like financial services and health care. Companies including Lowe's, Morgan Stanley and Uber are users, OpenAI said. The company also announced new updates to its business offerings on Wednesday. ChatGPT Team and ChatGPT Enterprise users can now access "connectors," which will allow workers to pull data from third-party tools like Google Drive, Dropbox, SharePoint, Box and OneDrive without leaving ChatGPT. Additional deep research connectors are available in beta.

OpenAI hits 3M business users and launches workplace tools to take on Microsoft

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI announced Wednesday that its business user base has surged 50% since February, reaching 3 million paying enterprise customers as the artificial intelligence company unveiled an expansive suite of new workplace tools designed to compete directly with Microsoft's enterprise AI offerings. The milestone, revealed alongside the launch of several new business-focused features, underscores OpenAI's aggressive push into corporate markets where reliable, secure AI tools can command premium prices. The company introduced new "connectors" that integrate ChatGPT with popular business applications, a meeting transcription feature called Record Mode, and enhanced versions of its Deep Research and Codex coding tools. "ChatGPT is helping transform businesses by helping employees work with more productivity, efficiency, and more strategically," an OpenAI spokesperson told VentureBeat. "Over the last few months, we've continued evolving ChatGPT into an increasingly impactful platform for work with business products like connectors, record mode with ChatGPT, Codex, image generation, deep research, and more." The rapid enterprise adoption comes as OpenAI faces intensifying competition from tech giants like Microsoft and Google, which offer deep workplace integrations through existing enterprise relationships. Yet the company appears to be winning customers by positioning itself as the premier destination for cutting-edge AI capabilities. "Customers often choose ChatGPT for direct access to SOTA (state-of-the-art) models and tools, combined with enterprise-grade security and commitments on never training on business data," the spokesperson said, emphasizing OpenAI's competitive advantage as an "AI-native" company focused solely on advancing artificial intelligence rather than integrating it into legacy systems. The newly announced connectors represent OpenAI's most direct challenge yet to Microsoft's workplace AI strategy. The integrations allow workers to access company data stored in Dropbox, Box, SharePoint, OneDrive, and Google Drive directly through ChatGPT, eliminating the need to switch between applications. The connectors also extend to OpenAI's Deep Research feature, an AI agent that conducts multi-step research tasks by gathering and synthesizing information from both external sources and internal company data. Deep Research connectors now work with HubSpot, Linear, and various Microsoft and Google tools, enabling the creation of comprehensive research reports that combine web data with proprietary business insights. "Every organization holds vast knowledge, but it's often trapped in silos," OpenAI explained in its announcement. The company's goal is to "evolve ChatGPT into a platform that unlocks your organization's entire knowledge base -- enabling each employee to continuously leverage this knowledge." Record Mode, available to Team users, automatically transcribes and summarizes meetings while generating actionable items and integrating with internal documents. The feature represents OpenAI's entry into a market dominated by services like Otter.ai and Microsoft's own transcription tools. Perhaps most significantly, OpenAI expanded access to its Codex software engineering agent, powered by the new codex-1 model based on the company's upcoming o3 reasoning system. Codex can write code, fix bugs, and propose pull requests while working in isolated cloud environments, offering enterprises a powerful tool for accelerating software development. Despite the growth, OpenAI continues to face questions about data security and privacy -- critical concerns for enterprise customers handling sensitive business information. When asked about companies' hesitations to input confidential data into ChatGPT, particularly given recent AI security incidents across the industry, the OpenAI spokesperson directed attention to the company's security policies without providing specific details. "Security is critical at OpenAI-more details here," the spokesperson said, referring to the company's published security documentation. The response highlights ongoing challenges for AI companies seeking enterprise adoption. Many organizations remain cautious about cloud-based AI services, particularly after high-profile data breaches and concerns about how AI models are trained and where sensitive information might be stored. OpenAI has attempted to address these concerns by implementing enterprise-grade security measures and promising never to train its models on business customer data. However, the company's rapid growth and the complex technical nature of large language models continue to generate skepticism among some IT decision-makers. OpenAI's enterprise push occurs amid a broader transformation in how businesses adopt artificial intelligence. Recent industry analysis suggests that AI adoption is accelerating faster than any previous technology in history, with companies moving beyond experimental pilots to production deployments. "Certainly, what you are seeing with enterprises and AI is that the people making the early bets and learning very quickly are doing much better than the people who are waiting to see how it's all going to shake out," OpenAI CEO Sam Altman said recently at the Snowflake Summit in San Francisco, advising enterprise leaders to "just do it" when it comes to AI adoption. This represents a notable shift in Altman's messaging. A year ago, he advised companies to experiment cautiously with AI rather than deploy it in critical business processes. Now, he argues that AI capabilities have matured sufficiently for production use in most enterprise contexts. The competitive landscape has also intensified significantly. While OpenAI dominates public attention and developer mindshare, the company faces mounting pressure from well-funded rivals. Anthropic, the AI safety-focused startup founded by former OpenAI researchers, has been successfully recruiting top talent from both OpenAI and Google's DeepMind division, according to recent talent analysis. Meanwhile, Microsoft's integration of OpenAI technologies into its Office suite and the recent launch of free Sora video generation through Bing demonstrate how the partnership between the two companies continues to evolve. Microsoft's announcement that Bing users can now access OpenAI's Sora video creation tool for free -- bypassing the $20 monthly ChatGPT subscription requirement -- illustrates the complex dynamics of their relationship. OpenAI's enterprise success stems largely from its technical capabilities, particularly in reasoning and research tasks. The company's Deep Research feature, powered by a version of the upcoming o3 model, represents a significant advancement in AI agents' ability to conduct autonomous research and analysis. In benchmark testing, the system powering Deep Research achieved new state-of-the-art results on challenging evaluations. On "Humanity's Last Exam," a comprehensive test covering expert-level questions across more than 100 subjects, the model scored 26.6% accuracy -- nearly three times higher than previous leading systems and significantly outperforming human experts in many domains. The Codex programming agent similarly demonstrates advanced capabilities, achieving 67% accuracy on software engineering benchmarks and showing the ability to work autonomously on complex coding tasks. Internal evaluations suggest that Codex can automate multiple hours of difficult manual programming work, potentially transforming how software development teams operate. These technical achievements provide OpenAI with a crucial competitive moat in enterprise markets, where customers are willing to pay premium prices for demonstrably superior capabilities. OpenAI's enterprise momentum reflects a broader shift in the AI industry toward practical business applications rather than consumer novelties. The company's growth from 2 million to 3 million business users in just four months suggests that enterprises are moving past initial skepticism about AI capabilities and beginning large-scale deployments. However, significant challenges remain. The company continues to lose key technical talent to competitors like Anthropic, which has emerged as a formidable rival by emphasizing AI safety and offering researchers greater autonomy. Recent analysis shows that OpenAI engineers are eight times more likely to leave for Anthropic than vice versa, raising questions about the company's ability to retain top talent as competition intensifies. OpenAI also faces structural questions about its governance and funding model. The company's complex nonprofit-controlled structure has created tensions with investors, particularly after the dramatic five-day period in late 2023 when CEO Sam Altman was fired and then reinstated. The incident, which is reportedly being adapted into a feature film titled "Artificial," highlighted the unstable nature of OpenAI's governance arrangements. Despite these challenges, OpenAI's enterprise trajectory appears strong. The company's focus on providing direct access to state-of-the-art AI capabilities, combined with enterprise-grade security and novel workplace integrations, has created a compelling value proposition for business customers. As AI capabilities continue to advance rapidly, OpenAI's success in capturing enterprise market share will likely depend on its ability to maintain technical leadership while addressing fundamental questions about governance, talent retention, and long-term strategic direction. The company's next phase of growth will test whether its current advantages can withstand intensifying competition from both established tech giants and ambitious startups. The 3 million business user milestone represents more than just a growth metric -- it signals the beginning of AI's mainstream adoption in corporate America, with OpenAI positioned as the early leader in what promises to be one of the technology industry's most significant transformations.

OpenAI says it's making $10 billion in annual recurring revenue as ChatGPT grows

One year after losing $5 billion, OpenAI is reporting $10 billion in annual recurring revenue, reports CNBC, due to revenue from ChatGPT business products. That number doesn't include one-time deals or its licensing agreement with Microsoft (MSFT). Those numbers are not that surprising, after the company said last week that it had increased its paid user base by 50% this spring, from two million in February to three million by the end of May. That was largely from business products like ChatGPT's Enterprise, Team, and Edu, launched in 2023. In March it closed a $40-billion fundraising deal, with a valuation of $300 billion, making it one of the largest private companies in the world. Its forecast is rosy: this year it expects to triple its revenue over 2024's numbers, to $12.7 billion. That said, it's not expected to be in a cash-positive position until 2029, with projected revenue by then of $125 billion. The high costs of data centers and GPUs will likely weigh the company down in the meantime. Paid subscriptions constitute 75% of OpenAI's revenue. A ChatGPT Pro subscription costs $200 a month for access to its most sophisticated models. In late May, OpenAI announced a partnership with former Apple (AAPL) designer Jony Ive to create 100 million tiny AI devices that CEO Sam Altman believes will somehow change how all consumers interact with technology. He expects them to bring in $1 trillion in revenue. The first version of the hypothetical device is expected to ship in late 2026.

OpenAI rakes in $10 billion in annual revenue as ChatGPT grows

Almost 2 million eggs are recalled as a salmonella outbreak leave dozens sick One year after losing $5 billion, OpenAI is reporting $10 billion in annual recurring revenue, reports CNBC, due to revenue from ChatGPT business products. That number doesn't include one-time deals or its licensing agreement with Microsoft (MSFT). Those numbers are not that surprising, after the company said last week that it had increased its paid user base by 50% this spring, from two million in February to three million by the end of May. That was largely from business products like ChatGPT's Enterprise, Team, and Edu, launched in 2023. In March it closed a $40-billion fundraising deal, with a valuation of $300 billion, making it one of the largest private companies in the world. Its forecast is rosy: this year it expects to triple its revenue over 2024's numbers, to $12.7 billion. That said, it's not expected to be in a cash-positive position until 2029, with projected revenue by then of $125 billion. The high costs of data centers and GPUs will likely weigh the company down in the meantime. Paid subscriptions constitute 75% of OpenAI's revenue. A ChatGPT Pro subscription costs $200 a month for access to its most sophisticated models. In late May, OpenAI announced a partnership with former Apple (AAPL) designer Jony Ive to create 100 million tiny AI devices that CEO Sam Altman believes will somehow change how all consumers interact with technology. He expects them to bring in $1 trillion in revenue. The first version of the hypothetical device is expected to ship in late 2026.

OpenAI tops 3 million paying business users, launches new features for workplace

Sam Altman, chief executive officer of OpenAI Inc., in Paris on Feb. 11, 2025.Nathan Laine / Bloomberg via Getty Images OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year. The 3 million users include ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu customers, OpenAI said. "There's this really tight interconnect between the growth of ChatGPT as a consumer tool and its adoption in the enterprise and in businesses," OpenAI's chief operating officer Brad Lightcap told CNBC in an interview. The company supported 400 million weekly active users as of February. OpenAI expects revenue of $12.7 billion this year, a source confirmed to CNBC. In September of last year, the company expected to see an annual loss of $5 billion on $3.7 billion in revenue, according to a person close to the company who asked not to be named because the financials are confidential. Lightcap said OpenAI is seeing its business tools adopted across industries, including highly regulated sectors like financial services and health care. Companies including Lowe's, Morgan Stanley and Uber are users, OpenAI said. The company also announced new updates to its business offerings on Wednesday. ChatGPT Team and ChatGPT Enterprise users can now access "connectors," which will allow workers to pull data from third-party tools like Google Drive, Dropbox, SharePoint, Box and OneDrive without leaving ChatGPT. Additional deep research connectors are available in beta. OpenAI launched another capability called "record mode" in ChatGPT, which allows users to record and transcribe their meetings. It's initially available with audio only. Record mode can assist with follow up after a meeting and integrates with internal information like documents and files, the company said. Users can also turn their recordings into documents through the company's Canvas tool. Lightcap said enterprise customers have been asking for updates like these, and that they will help make OpenAI's workplace offerings more useful. "It's got to be able to do tasks for you, and to do that, it's got to really have knowledge of everything going on around you and your work," Lightcap said. "It can't be the intern locked in a closet. It's got to be able to see what you see." OpenAI said it has been signing up nine enterprises a week, and Lightcap said the company will try to sustain that pace over time. "People are starting to really figure out that this is a part of the modern tool stack in the knowledge economy that we live in," he said.

OpenAI's Annual Revenue Touches $10 Billion, Up 81.8% From Last Year | AIM

The company has seen strong growth since it launched ChatGPT's AI models in the last three years. OpenAI has reported $10 billion in annual recurring revenue (ARR), up from $5.5 billion ARR recorded in 2024, a company spokesperson told CNBC. The figure includes revenue from the company's consumer goods, ChatGPT business offerings, and its application programming interface (API). It does not account for licensing income from Microsoft or significant one-off agreements. According to The Information, OpenAI forecasts $125 billion in revenue by 2029 as new products gain popularity. The company has seen strong growth since it launched ChatGPT's AI models in the last three years, which continues to gain traction. ChatGPT, OpenAI's main product, has become the company's leading source of revenue, with subscription fees ranging from $20 to $200 per month expected to bring in around $8 billion by 2025, The Verge reported. The platform has secured a remarkable 69.9% share of the AI tool subscription market, with the number of paying users exceeding 20 million in early 2025 -- a 30% rise in just three months. According to media reports, this expansion amounts to about $415 million in monthly revenue, annualised at $5 billion. However, the proportion of paying users remains low at merely 4-5% of ChatGPT's vast 500 million weekly active users. Moreover, a Bloomberg report mentioned that OpenAI expects a threefold increase in revenue this year, "well within reach" of achieving its revenue goal of $12.7 billion for 2025. However, OpenAI had projected $5 billion in losses on $3.7 billion in revenue in 2024. During Microsoft's Q1 2025 earnings call, CFO Amy Hood announced a projected $1.5 billion loss in "other income and expense" due to the company's investment in OpenAI, reflected in its equity accounting, AIM reported in October 2024. There were also speculations in 2023 that OpenAI might go bankrupt by the end of 2024. After its latest funding round in March 2025, OpenAI is currently valued at $300 billion, making it one of the most valuable private companies in the world despite various challenges.

OpenAI reaches $10B in annual recurring revenue as ChatGPT adoption accelerates - SiliconANGLE

OpenAI reaches $10B in annual recurring revenue as ChatGPT adoption accelerates OpenAI has hit $10 billion in annual recurring revenue, marking a new milestone for the generative artificial intelligence company as it continues to surge in popularity. According to CNBC, the figure includes sales from the company's consumer products, ChatGPT business products and its application programming interface. The figure excludes licensing revenue from Microsoft Corp. and large one-time deals. The growth is remarkable given that only 18 months ago, OpenAI's annual recurring revenue hit $1.6 billion and it has been just more than two years since the company launched ChatGPT Plus, its first paying product. The $10 billion is also nearly double the $5.5 billion in annual recurring revenue OpenAI saw through last year. The explosive growth has come on multiple fronts, particularly as more people embrace and use AI, with ChatGPT having some 800 million to one billion users as of April, a figure more than likely higher again today and up from 400 million users in February. Turning mainstream is a core tenet of the company's growth and as noted in April, much of the growth this year came from an upgrade to ChatGPT-4o that allowed users to make comic images, including those mimicking Japanese cartoon series Project Ghibli, such as the one above. OpenAI is also reportedly aiming to hit $125 billion in revenue in 2029, per an unnamed person referenced by CNBC. The growth comes after OpenAI raised a round of $40 billion on a $300 billion valuation in late March. The $300 billion valuation made OpenAI the world's second-most valuable private company alongside TikTok parent ByteDance Ltd., trailing only Elon Musk's SpaceX Corp. Not only has OpenAI used the billions it has raised - the total of which is now approximately $57.9 billion - to sustain growth and to design new AI models, it has also used the funding to enter agreements to acquire companies to expand it offerings. In May, OpenAI signed two deals, the first being an agreement to acquire Windsurf, an AI-assisted coding tool formerly known as Codeium, for $3 billion. The deal was reported as a move by OpenAI to strengthen its coding assistant offering, with coding becoming a popular use for generative AI technology. Later the same month, OpenAI announced it was acquiring io Products Inc., a consumer electronics startup led by former Apple Inc. Chief Design Officer Jony Ive, for $6.5 billion. The deal will see Ive, best known as the designer of iconic Apple Inc. products such as the iPhone, iMac and Apple Watch, lead the development of a new AI-powered consumer device in collaboration with OpenAI. The acquisition notably marked OpenAI's first major step into hardware, signaling plans to integrate artificial intelligence more deeply into everyday consumer experiences.

OpenAI confirms $10B annual revenue milestone

OpenAI announced it has reached $10 billion in annual recurring revenue, an increase from approximately $5.5 billion the previous year. The company's revenue streams include consumer products, ChatGPT business products, and its API. An OpenAI spokesperson confirmed to CNBC that the figure encompasses revenue from various sectors. The company currently supports over 500 million weekly active users, along with 3 million paying business customers. This ChatGPT feature just quietly went free This revenue milestone occurs approximately two and a half years after the launch of ChatGPT. OpenAI has set a revenue target of $125 billion by 2029. OpenAI faces pressure to rapidly increase revenue due to substantial annual expenses for hiring, talent recruitment, and securing infrastructure for AI system training and operation. The company has not disclosed specific operating expenses or profitability status.

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.

OpenAI Surges Past $10 Billion In Annualized Revenue Amid Record ChatGPT Use, Leaves Rivals Like Amazon-Backed Anthropic Behind - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)

OpenAI's explosive growth continues, nearly doubling since December 2024, driven by surging global demand for ChatGPT. What Happened: On Monday, OpenAI confirmed that its annualized revenue run rate reached $10 billion, up from $5.5 billion at the end of 2024, reported Reuters, citing a spokesperson. The figure excludes licensing revenue from Microsoft Corporation MSFT and any large one-time deals, focusing solely on recurring and direct income streams. The company's flagship product, ChatGPT, has seen widespread adoption across both consumer and enterprise users, with 500 million weekly active users reported as of March, the report said. See Also: Mark Zuckerberg Warns Of 'Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs OpenAI has monetized the platform through multiple offerings, including ChatGPT Plus subscriptions and enterprise-level tools for businesses. The update indicates OpenAI is on pace to reach its internal revenue goal of $12.7 billion for 2025. That would mark a dramatic financial turnaround for the company, which lost $5 billion in 2024, the report added. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Why It's Important: In March, OpenAI said it plans to raise up to $40 billion in a new funding round led by SoftBank Group SFTBF SFTBY, potentially valuing the company at $300 billion. Earlier, it was reported that Anthropic, an AI startup backed by Amazon.com, Inc. AMZN and Google, a subsidiary of Alphabet Inc. GOOG GOOGL, surpassed $3 billion in annualized revenue after hitting $1 billion in December 2024. Anthropic currently holds a valuation of $61.5 billion after securing $3.5 billion in funding. Benzinga's Edge Stock Rankings indicate that Microsoft has a favorable outlook across the short, medium and long term. More in-depth metrics can be found here. Photo Courtesy: Primakov On Shutterstock.com Check out more of Benzinga's Consumer Tech coverage by following this link. Read Next: Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. AMZNAmazon.com Inc$217.401.79%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum63.05Growth97.15Quality70.40Value49.84Price TrendShortMediumLongOverviewGOOGAlphabet Inc$177.751.62%GOOGLAlphabet Inc$176.291.50%MSFTMicrosoft Corp$471.630.27%SFTBFSoftBank Group Corp$62.2726.9%SFTBYSoftBank Group Corp$27.064.87%Market News and Data brought to you by Benzinga APIs

OpenAI Doubles Revenue To $10 Billion In Just One Year And Has Set An Ambitious Target Of $125 Billion In Revenues By 2029

OpenAI has come a long way with its ambitious approach and has expanded its services and its products extensively. The company that initially started as a non-profit organization has now been working into transitioning into a full-profit organization and keeps on arduously pushing the technology further. The company launched ChatGPT about two and half years ago, and since then, many advanced versions of the model, more well-equipped than before, have come forward. The tech giant has set a target of $125 billion in revenue by the year 2029, and a report now suggests that OpenAI claims to have hit $10 billion in annual revenues. OpenAI has been able to grab quite the market share in a short span of time, given the massive growth of its ChatGPT model and the efforts it keeps on putting into bringing better products and services. ChatGPT has been extensively adapted in varied institutions and even in areas where the AI tool was considered ineffective. Due to the company's growing expansion and evolution, it now has about 500 million weekly active users and roughly 3 million business customers. OpenAI can no longer be called a research lab anymore and is one of the major AI platform companies currently with its expansion across a wide range of industries and now with the revenue significantly going up. As per a TechCrunch report, OpenAI stands at $10 billion in annual recurring revenues, which is almost double where it was last year, around $5.5 billion. The source of revenues is from ChatGPT's user subscriptions, Enterprise and Edu, and the official API, highlighting the rapid adoption not only by consumers but also across enterprises. This growth is significant and a huge milestone, given how this has been achieved in under 3 years and comes up to the ambitious targets of other big tech companies. OpenAI has earlier stated that it aims to achieve a $125 billion revenue goal by 2029, and while it sounds highly aggressive, keeping the company's strategic focus and current direction in mind, it does not seem to be an impossible target. Given the massive amount OpenAI invests in hiring and recruiting teams, training and running AI systems, and the efforts it is putting in for its AI products, the pressure to grow does seem to be dawning on the company. While we do not know if the company has hit profitability yet or not, it does seem to be in the right direction.

OpenAI Annual Recurring Revenue Leaps 82% Compared to Last Year | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. The $10 billion encompasses the artificial intelligence company's consumer products and business products but excludes its licensing revenue from Microsoft and large on-time deals, CNBC reported Monday (June 9), citing an OpenAI spokesperson. OpenAI rolled out the first of its business products in August 2023 and gained its first 1 million paying business subscribers over the next year, by September 2024. The adoption of OpenAI's products has grown among other sorts of users as well. OpenAI CEO Sam Altman said in April that the company reached about 800 million people and that its user base had doubled in a matter of weeks. The company continued its push to deepen enterprise adoption of its business tools last week with its unveiling of two new business features for ChatGPT. One new feature, Connectors, lets ChatGPT connect to different apps used by office workers so it can access proprietary information in the user's own computers and craft responses accordingly. The other, Record Mode, records and transcribes meeting conversations, generates structured summaries and recalls notes from past meetings. Chief financial officers of U.S. companies with more than $1 billion in revenue are adopting generative AI to improve efficiency, decision making and operations, according to the PYMNTS Intelligence report "The CAIO Report." The report found that the share of these CFOs who reported a "very positive" return on investment from the technology leaped from 26% in March 2024 to nearly 90% in December. Tuesday's CNBC report said the latest ARR figure explains the valuation OpenAI gained in a $40 billion funding round in March. The company is now valued at about 30 times its revenue, signaling its investors' "hyper-growth expectations," the report said.

OpenAI Added 1 Million Paying Businesses Subscribers Since February | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. Those additions lifted the number of such subscribers from two million in February to three million currently, Seeking Alpha reported Wednesday (June 4), citing a livestream held by OpenAI. The figure includes subscribers to ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu, according to the report. CNBC, which reported the same numbers of paying business subscribers, said that OpenAI Chief Operating Officer Brad Lightcap told it in an interview that the company's business tools are being adopted across industries, including highly regulated ones like financial services and health care. "There's this really tight interconnect between the growth of ChatGPT as a consumer tool and its adoption in the enterprise and in business," Lightcap said, per the report. OpenAI reported in September that in the year after it launched the first of its three business products, it gained 1 million paying business users. Like the total reported Wednesday, that figure included users of ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu. OpenAI launched its first business product, ChatGPT Enterprise, in August 2023. That was followed by the launches of ChatGPT Team in January 2024 and ChatGPT Edu in May 2024. "From reshaping how students learn, to optimizing patient care and transforming how governments serve their citizens, AI is redefining how people work," Lightcap said at the time in a statement. "We're proud to help over a million paying business users work more productively, streamline operations and uncover new opportunities for innovation." Generative AI is becoming more integrated into daily workflows, according to the PYMNTS Intelligence report, "GenAI: A Generational Look at AI Usage and Attitudes." The report found that 82% of workers who use GenAI at least weekly agreed that it can improve productivity. Adoption of OpenAI's products has grown rapidly with other sorts of users as well, beyond those using them for business. OpenAI CEO Sam Altman said in April that the AI startup has reached about 800 million people and that its user base has doubled in a matter of weeks. "Something like 10% of the world uses our systems, now a lot," Altman said.