AI
ChatGPT boom pushes OpenAI to $10 billion in annual recurring revenue
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Less than three years after debuting ChatGPT, OpenAI has reached $10 billion in annual recurring revenue (ARR), and is targeting $125 billion by 2029.
$10 billion ARR puts OpenAI in the same league as major public SaaS companies—but at warp speed. This figure includes sales from the company’s consumer products, ChatGPT business products and its application programming interface, CNBC reported.
However, this figure excludes the revenue from existing deal with Microsoft. ET reported in May that OpenAI has agreed to share 20% of its revenue with
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