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OpenAI Doubles Annualized Revenue to $3.4 Billion, The Information Reports

Jun 14, 2024 - news.bensbites.com
OpenAI, under the leadership of CEO Sam Altman, is projected to generate $3.4 billion in annual revenue. The bulk of this income, approximately $3.2 billion, is expected to come from the company's products and services.

In addition to this, OpenAI is also set to earn around $200 million by providing access to its AI models via Microsoft Azure. This information was disclosed by Altman during an internal meeting and was later revealed by an anonymous source.

Key takeaways:

  • OpenAI is projected to generate $3.4 billion in annual revenue, as stated by CEO Sam Altman.
  • The majority of this revenue, approximately $3.2 billion, is expected to come from OpenAI's products and services.
  • OpenAI is also predicted to earn about $200 million by providing access to its AI models via Microsoft Azure.
  • The information was disclosed during an all-hands meeting and was reported by an anonymous source familiar with the internal communications.
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