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OpenAI Hits $10B in Annual Revenue but Posts $5B Loss

BBG News

Ah, dear reader, gather ’round as we delve into the curious tale of OpenAI, a veritable titan of the digital age, which has, in a mere blink of an eye—less than three years, to be precise—surpassed the staggering sum of $10 billion in annual recurring revenue. This feat, akin to a modern-day miracle, is propelled by the insatiable appetite for its ChatGPT chatbot and a cornucopia of related business products. 🤑

As reported by the ever-watchful CNBC, this milestone was achieved since the fateful launch of ChatGPT in November 2022. An OpenAI spokesperson, perhaps with a twinkle of pride in their eye, revealed that this figure encompasses revenue from both the consumer and enterprise offerings of ChatGPT, along with the elusive API services. One can only wonder if they have a secret stash of gold coins hidden away! 🪙

But lo! The actual revenue figure may be even grander, as the reported numbers conveniently omit the licensing fees from the mighty Microsoft and those one-off deals that seem to sprout like mushrooms after a rain. 🍄

Profitability Challenges Remain

Yet, dear reader, this tale of triumph is not without its shadows. Following this meteoric rise, OpenAI has also reported a rather disheartening loss of about $5 billion during the same period. Ah, the irony! To grow so robustly yet stumble into the abyss of capital-intensive AI model development and infrastructure costs. It is a tragicomedy worthy of the finest playwrights! 🎭

Nevertheless, this revenue milestone adds a certain gravitas to OpenAI’s lofty valuation. Earlier this year, the company raised a jaw-dropping $40 billion in a funding round that could make even the most seasoned investors weep with joy. Now, it stands valued at roughly 30 times its current revenue—an impressive feat, indeed, if one can overlook the gaping maw of losses! 😅

Long-term Ambitions

But wait! The ambitions of OpenAI soar even higher, as they set their sights on a staggering $125 billion in revenue by the year 2029. According to the ever-reliable CNBC, this information comes from a source familiar with the inner workings of the company—perhaps a shadowy figure lurking in the corridors of power? 🕵️‍♂️

As of March 2025, the company proudly reported 500 million weekly active users and 3 million paying business customers, a remarkable increase from a mere 2 million just months prior. One can only imagine the frenzy of activity, the cacophony of notifications, and the sheer delight of those who have embraced this digital marvel! 🎉

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2025-06-09 20:31

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