OpenAI has achieved $10 billion in annual recurring revenues, nearly doubling its revenue from the previous year.
The revenue includes sales from consumer and business products, API, excluding licensing revenue from Microsoft and large one-time deals.
The strong AI demand has contributed to OpenAI's revenue growth, positioning it to aim for a revenue target of $12.7 billion by 2025.
OpenAI, despite burning cash to drive revenue, lost about $5 billion. The company targets $125 billion in revenue by 2029, showcasing investor expectations.