OpenAI Clocks $3.4 Bn in Revenue from ChatGPT Subscriptions
OpenAI, the company behind ChatGPT, has generated an impressive $3.4 billion in revenue, according to a recent report by futureresearch. The company’s financial success is largely attributed to its various ChatGPT offerings, with ChatGPT Plus leading the pack. The report on OpenAI's revenue by futureresearch is out, showing:$1.9B for ChatGPT Plus (7.7M subscribers at $20/mo),$714M from ChatGPT Enterprise (1.2M at $50/mo),$510M from the API, and$290M from ChatGPT Team ( 80k at $25/mo)https://t.co/IvptxJrJ4T pic.twitter.com/9GTBe3X5Gf— Jeremy Nixon (@JvNixon) July 11, 2024 ChatGPT Plus, the premium version of OpenAI’s popular chatbot, emerged as the primary revenue driver, contributing $1.9 billion. The service boasts 7.7 million subscribers paying $20 per month. Following closely is ChatGPT Enterprise, which brought in $714 million from 1.2 million subscribers at $50 per month. The company’s API services and ChatGPT Team also made significant contributions to the bottom line. The API generated $510 million, while ChatGPT Team added $290 million from 80,000 subscribers paying $25 monthly. Microsoft takes a cut from some of OpenAI’s AI model sales since they run on Microsoft’s cloud. Additionally, OpenAI receives a share from Microsoft’s sales of OpenAI models to Microsoft’s Azure cloud customers. This share now amounts to about $200 million on an annualised basis, or roughly 20% of the revenue Microsoft generates from that business, according to Altman. Chinese investor and serial entrepreneur Kai Fu Lee is bullish about OpenAI becoming a trillion-dollar company in the next two-three years. “OpenAI will likely be a trillion-dollar company in the not-too-distant future,” said Lee at a recent event with Fortune. Despite the impressive revenue figures, OpenAI faces challenges. The company is reportedly operating at a loss, with CEO Altman acknowledging that OpenAI is likely to be “the most capital-intensive startup in Silicon Valley history”. The high operational costs are primarily due to the expensive nature of running AI models like ChatGPT, estimated at around $700,000 per day.
ChatGPT Plus, the premium version of OpenAI’s popular chatbot, emerged as the primary revenue driver, contributing $1.9 billion.
OpenAI, the company behind ChatGPT, has generated an impressive $3.4 billion in revenue, according to a recent report by futureresearch.
["ChatGPT", "OpenAI"]
["ChatGPT", "API", "OpenAI", "AI", "Azure", "GPT", "llm_models:GPT", "R", "llm_models:ChatGPT", "startup"]
["AI", "ChatGPT", "OpenAI", "Azure", "R", "API", "GPT", "startup", "llm_models:GPT", "llm_models:ChatGPT"]
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.