The company is also reportedly planning to launch new AI services to create additional revenue streams. OpenAI CEO Sam Altman revealed that the company is working on a new flagship large language model called GPT-5, which will be more advanced than GPT-4. This rapid revenue growth could help OpenAI secure a higher valuation from investors in the coming year, with the company potentially being worth over $100 billion following a new funding round it's currently negotiating with investors.
Key takeaways:
- OpenAI’s annualized revenue has reportedly topped $1.6 billion, just two months after reaching the $1.3 billion mark.
- The company's sales growth began after it launched the paid version of its ChatGPT service, ChatGPT Plus, in February 2023.
- OpenAI is reportedly working on a new flagship large language model called GPT-5, which is expected to be more advanced than GPT-4.
- OpenAI is close to completing another secondary sale at a $86 billion valuation and could soon be worth more than $100 billion thanks to a new funding round it’s currently negotiating with investors.