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

  • OpenAI has reached $10 billion in annual recurring revenue, showcasing significant growth in a short period.
  • The revenue includes sales from consumer products, ChatGPT business products, and API, excluding licensing revenue and large one-time deals.
  • The company's growth has been rapid, with ChatGPT having over 800 million to one billion users as of April.
  • OpenAI aims to achieve $125 billion in revenue by 2029, following a recent $40 billion fundraising round on a $300 billion valuation.

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