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OpenAI Thrives Amid CEO Turmoil: Annual Revenue Skyrockets 20% to Surpass $1.6 Billion

Jan 01, 2024 - techtimes.com
OpenAI, the developer of the ChatGPT AI chatbot, reported $1.6 billion in earnings, marking a 20% increase in two months. The platform has seen a continuous rise in user subscriptions, with potential monthly revenue of up to $130 million. OpenAI's revenue for the preceding year was $28 million, indicating a 5,700% year-over-year revenue increase. The company is reportedly entering the custom chip industry and is in talks with G42 for an initial investment of $8-10 billion.

However, OpenAI and Microsoft are facing a lawsuit from the New York Times for alleged copyright infringement and misuse of the newspaper's intellectual property. OpenAI is also dealing with multiple other lawsuits, including from a group of American authors and computing experts alleging unauthorized use of their code. Despite these legal challenges, none of the lawsuits have been settled yet.

Key takeaways:

  • OpenAI, the developer of the ChatGPT AI chatbot, reported $1.6 billion in earnings, a 20% increase in two months, signifying sustained growth since the launch of ChatGPT in February.
  • The platform has seen a continuous increase in user subscriptions, with potential monthly revenue of up to $130 million.
  • The New York Times has filed a lawsuit against Microsoft and OpenAI, alleging copyright infringement and misuse of the newspaper's intellectual property.
  • OpenAI is also facing multiple lawsuits from authors, artists, and computing experts alleging unauthorized use of their work and code.
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