OpenAI's ChatGPT Pro, a premium version launched in December, is not yet profitable due to high hardware costs associated with its advanced features. Additionally, demand for OpenAI's application programming interfaces and the o3 language model has surged, with developer traffic doubling and o3 usage increasing fivefold. The o3-mini model, a scaled-down version of o3, is currently available for developers, offering faster performance at lower costs. OpenAI continues to focus on expanding its user base and enhancing its product offerings to achieve its ambitious growth and profitability targets.
Key takeaways:
- OpenAI has reached 400 million weekly active users, marking a 33% increase since December, and has doubled its enterprise customer base to 2 million paying users.
- The company is reportedly raising a $40 billion funding round, with SoftBank Group Corp. expected to lead with a commitment of up to $25 billion, potentially increasing OpenAI's valuation to $340 billion.
- Despite user growth, OpenAI faces profitability challenges, with expectations of a $5 billion loss in 2024, partly due to the high hardware costs associated with ChatGPT Pro.
- OpenAI aims to reach one billion weekly active users and triple its revenue to $11.6 billion by the end of the year, with a long-term goal of achieving $100 billion in sales by 2029.