(Reuters) – OpenAI is set to achieve more than $1 billion in revenue within the next 12 months from the sale of its artificial intelligence software and the associated computing capacity, as reported by the Information on Tuesday.
Previously, the makers of ChatGPT had projected $200 million in revenue for this year.
The report further states that the Microsoft-backed company is currently generating over $80 million in revenue per month, as compared to a total of $28 million from the previous year.
OpenAI has not yet responded to a request for comment from Reuters.
In addition to the sale of ChatGPT, OpenAI also earns money through the sale of API access to its AI models for developers and enterprises, both directly and through its partnership with Microsoft. Earlier this year, Microsoft invested over $10 billion in the company.
ChatGPT, which is known for its ability to produce prose or poetry on demand, has captured the attention of investors in Silicon Valley, who view generative AI as the next major growth area for technology companies.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Maju Samuel)
Credit: The Star : Tech Feed
