OpenAI has confirmed its annualised revenue run rate has surged to over US$10 billion - a sharp jump from the $5.5 billion figure it posted back in December last year.
Its growth trajectory is underscored by the runaway adoption of its generative AI products and puts the company well on track to reach its ambitious 2025 revenue target of $12.7 billion.
The $10 billion milestone also excludes licensing revenue from major stakeholder Microsoft and any large one-off deals, an OpenAI spokesperson said according to CNBC.
That product revenue flows in from businesses and users actively embedding OpenAI’s tools into their daily operations - a far cry from experimental interest or hype-driven trials.
Sam Altman's OpenAI lost $5 billion last year - written down as a mix of both staggering AI model training costs and a go-for-broke infrastructure spend that included partnerships, safety R&D, and a near-constant race to deploy newer, smarter versions of its flagship GPT model.
By comparison, rival AI tech company Anthropic recently crossed the $3 billion mark in annualised revenue - riding a wave of demand from code-generation startups.
OpenAI now claims over 500 million weekly active users as of March too, with its push into tailored business tools and subscription products steadily diversifying its income base.
With a SoftBank funding round targeting an eye-whopping $300 billion valuation, the company’s commercial machine is shifting gears fast.
