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OpenAI Annual Revenues Double To $10bn

  • 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.

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