OpenAI is reportedly on track to generate more than $1 billion in revenue over the next 12 months. This will be from the sale of artificial intelligence software and the computing capacity that powers it. Earlier, the ChatGPT maker projected $200 million in revenue for this year.
The Microsoft-backed company is generating more than $80 million in revenue per month, compared to just $28 million in the entire last year, the report added. The Information first reported on OpenAI’s revenue, including that it lost around $540 million in 2022 developing GPT-4 and ChatGPT.
Besides ChatGPT, it makes money by selling API access to its AI models for developers and enterprises directly and through a partnership with Microsoft, which invested over $10 billion into the company in January.
Since debuting its bot in November, OpenAI has worked with companies from fledgling firms to major corporations to incorporate the technology into their businesses and products.
This month, it launched a corporate version of ChatGPT with added features and privacy safeguards, the startup’s most significant effort yet to attract a broad mix of business customers and boost revenue from its best-known product.
The rollout of ChatGPT Enterprise is a move forward in OpenAI’s plans to make money from its ubiquitous chatbot, which is enormously popular but very expensive to operate because robust AI models require lots of computing power.
The San Francisco-based startup has already taken steps toward generating revenue from ChatGPT, such as by selling a premium subscription and offering companies paid access to its application programming interface, which developers can use to add the chatbot to other apps.
