Despite its rapid growth, OpenAI is still operating at a loss, with projected revenue of $12.7 billion this year, up from $3.7 billion in 2024. The company does not expect to be cash-flow positive until 2029, when it anticipates annual revenue will reach $125 billion. Altman also hinted at the upcoming release of a new open-weight language model with reasoning capabilities. ChatGPT currently serves 500 million users weekly, showcasing its significant impact since its launch just over two years ago.
Key takeaways:
- OpenAI has secured a $40 billion funding round led by SoftBank, raising its valuation to $300 billion, marking the largest private tech funding round in history.
- The funding includes an immediate $10 billion, with $7.5 billion from SoftBank and $2.5 billion from other investors, while the remaining $30 billion is contingent on OpenAI's transition to a for-profit model.
- OpenAI's new 'Images' feature for ChatGPT, allowing users to generate Studio Ghibli-style art, has contributed to a rapid increase in users, with one million new users in a single hour.
- OpenAI is projected to generate $12.7 billion in revenue this year, with expectations to become cash-flow positive by 2029, aiming for an annual revenue of $125 billion.