OpenAI has achieved $10 billion in annual recurring revenue just three years after launching ChatGPT, reflecting significant growth in both consumer and business products. Despite reporting a loss of $5 billion last year, the company aims for $125 billion in revenue by 2029 and has seen an increase in paying business users from two million to three million in recent months.

OpenAI has raised $8.3 billion in new funding, bringing its total fundraising to $40 billion, as its annual recurring revenue is projected to exceed $20 billion by year-end. The surge in capital reflects increasing investor interest in AI, with competitors like Anthropic also seeking substantial funding. Notably, OpenAI is collaborating with a UAE firm to establish a data center in Abu Dhabi.

OpenAI is revolutionizing the tech landscape with unprecedented growth, claiming 500 million weekly active users and a staggering $40 billion funding announcement. Despite facing significant financial losses, the company's ambition to achieve artificial general intelligence sets it apart as a singular force in both AI research and consumer markets.

Sam Altman, CEO of OpenAI, is on a global tour to secure funding and manufacturing partnerships to support the company's vast computing power needs. His efforts include discussions with stakeholders in East Asia and the Middle East, aiming to establish long-term, low-cost supply chains for OpenAI's ambitious infrastructure plans.