OpenAI is on track for US$1 billion (S$1.35 billion) of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence (AI) investment.<\/p>\n\n\n\n
Earlier, the ChatGPT maker projected US$200 million in revenue for this year.<\/p>\n\n\n\n
The start-up backed by Microsoft is earning about US$80 million of revenue monthly, a person briefed on the matter said. Ths compares with just US$28 million in the entire last year.<\/p>\n\n\n\n
The Information first reported on OpenAI\u2019s revenue, including that it lost around US$540 million in 2022 developing GPT-4 and ChatGPT. A representative for the start-up didn\u2019t immediately respond to requests for comment outside normal business hours.<\/p>\n\n\n\n
OpenAI is regarded as one of several companies at the forefront of generative AI, which can create content from videos to poetry out of a few simple user commands. Since debuting its bot in November, OpenAI has worked with companies from fledgling firms to major corporations to incorporate the technology in their businesses and products.<\/p>\n\n\n\n
This month, it launched a corporate version of ChatGPT with added features and privacy safeguards, the start-up\u2019s most significant effort yet to attract a broad mix of business customers and boost revenue from its best-known product.<\/p>\n\n\n\n
The rollout of ChatGPT Enterprise is a move forward in OpenAI\u2019s 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.<\/p>\n\n\n\n
The San Francisco-based start-up 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. BLOOMBERG, REUTERS<\/p>\n","protected":false},"excerpt":{"rendered":"
OpenAI is on track for US$1 billion (S$1.35 billion) of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence (AI) investment. Earlier, the ChatGPT maker projected US$200 million in revenue for this year. The start-up backed by Microsoft is earning about US$80 million of […]<\/p>\n","protected":false},"author":2,"featured_media":21265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-21263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5-300x200.jpg",300,200,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",860,573,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",630,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-4-5.jpg",100,67,false]},"rttpg_author":{"display_name":"Admin CG","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin-cg\/"},"rttpg_comment":0,"rttpg_category":"news<\/a>","rttpg_excerpt":"OpenAI is on track for US$1 billion (S$1.35 billion) of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence (AI) investment. Earlier, the ChatGPT maker projected US$200 million in revenue for this year. The start-up backed by Microsoft is earning about US$80 million of…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=21263"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21263\/revisions"}],"predecessor-version":[{"id":21266,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21263\/revisions\/21266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/21265"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=21263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=21263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=21263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}