{"id":231645,"date":"2024-06-12T23:50:18","date_gmt":"2024-06-12T23:50:18","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/12\/openais-revenue-is-reportedly-booming\/"},"modified":"2025-06-25T17:17:14","modified_gmt":"2025-06-25T17:17:14","slug":"openais-revenue-is-reportedly-booming","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/12\/openais-revenue-is-reportedly-booming\/","title":{"rendered":"OpenAI&#8217;s revenue is reportedly booming"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>We don\u2019t know if OpenAI, the creator of ChatGPT, is actually making any money so far. But thanks to a Wednesday <a data-i13n=\"elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1\" class=\"link \" href=\"https:\/\/www.theinformation.com\/articles\/openais-annualized-revenue-doubles-to-3-4-billion-since-late-2023?rc=whf0fd\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:report;elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1;itc:0;sec:content-canvas\">report<\/a> in <em>The Information<\/em>, what we do know is that the company doubled its annualized revenue \u2014 a measure of the previous month\u2019s revenue multiplied by 12, as the publication helpfully explained \u2014 in the last six months.<\/p>\n<p>OpenAI\u2019s annualized revenue was $3.4 billion, CEO Sam Altman reportedly told staff. That\u2019s up from $1.6 billion around the end of last year, and $1 billion a year ago. Most of this revenue came from a subscription version of ChatGPT, which offers higher messaging limits to people who pay at least $20 a month, as well as from developers who pay the company to use the company\u2019s large language models in their own apps and services. About $200 million on an annualized basis comes from Microsoft, which gives OpenAI a cut of sales of OpenAI\u2019s large language models to customers using Azure, Microsoft\u2019s cloud computing platform aimed at businesses.<\/p>\n<p>Notably, an OpenAI spokesperson told <em>The Information<\/em> that the financials were &#8220;inaccurate&#8221; but did not explain which details it disputed. OpenAI did not immediately respond to Engadget&#8217;s request for comment.<\/p>\n<p>Earlier this week, Apple <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.engadget.com\/apples-first-attempt-at-ai-is-apple-intelligence-181444846.html\" data-ylk=\"slk:announced;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">announced<\/a> a partnership with OpenAI. The company plans to hook ChatGPT right into its operating systems for iPhones, iPads, and Macs, letting Siri reach out to ChatGPT to answer questions. The financial terms of that deal, however, are still unknown.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.engadget.com\/openais-revenue-is-reportedly-booming-230324957.html?src=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] We don\u2019t know if OpenAI, the creator of ChatGPT, is actually making any money so far. But thanks to a Wednesday report in The<\/p>\n","protected":false},"author":1,"featured_media":231646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[159],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231645"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=231645"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/231646"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=231645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=231645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=231645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}