Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

OpenAI hits landmark $2 billion revenue as growth zooms | Mint

Feb 09, 2024 - livemint.com
OpenAI, the creator of ChatGPT, has reached a revenue milestone of $2 billion in December 2023. The news was first reported by Financial Times, citing sources from the Microsoft-backed AI start-up. OpenAI's CEO, Sam Altman, has been in discussions with potential investors to raise billions of dollars to establish a chip-making company, with plans to build a network of factories for semiconductor manufacturing.

A recent Bloomberg report highlighted that OpenAI's plans for a high-quality manufacturing facility would require tens of billions of dollars in funding. Altman has been in talks with notable entities, including Sheikh Tahnoon bin Zayed al-Nahyan from the UAE, Taiwan Semiconductor Manufacturing Co (TSMC), and Softbank. It remains unclear whether the new company will operate as a subsidiary of OpenAI or as a separate entity, but OpenAI is expected to be the initial client of the new company.

Key takeaways:

  • OpenAI, the creator of ChatGPT, has achieved a revenue milestone of $2 billion in December 2023.
  • CEO Sam Altman is reportedly in talks with potential investors to raise billions of dollars for a chip-making company.
  • The company's plans for constructing a modern manufacturing facility would require funding amounting to tens of billions of dollars.
  • OpenAI is exploring the possibility of manufacturing its own chipset and considering potential acquisition options to address the shortage of AI chips.
View Full Article

Comments (0)

Be the first to comment!