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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 plans to integrate a payment checkout system within ChatGPT, allowing merchants to sell products directly through the chatbot while paying a commission to OpenAI. This move aims to create a new revenue stream, leveraging the high user traffic on the platform alongside its subscription model.
OpenAI has achieved an annualized revenue of $12 billion in the first seven months of the year, signaling a rapid growth driven by its ChatGPT products, which have around 700 million weekly active users. The company also increased its projected cash burn to $8 billion for 2025 while seeking additional investments, including $7.5 billion in commitments from various shareholders.
OpenAI is planning to take a percentage of sales generated through its ChatGPT shopping feature as part of its strategy to increase revenue. This move indicates a shift towards monetizing AI-driven e-commerce capabilities.
OpenAI's CFO has indicated that the company is considering selling its infrastructure services to other firms, which could diversify its revenue streams beyond traditional product offerings. This move aligns with the growing demand for AI and machine learning capabilities among businesses.
OpenAI anticipates that new product developments will significantly boost its revenue, projecting an increase to $125 billion by 2029. The company's strategic focus on expanding its product offerings is expected to drive this financial growth in the coming years.