OpenAI hits $10bn annual revenue amid soaring AI adoption
OpenAI revealed on Monday that its annual revenue run rate has reached an impressive $10 billion as of June, marking a significant achievement fueled by the growing use of its AI technologies, especially the widely-used ChatGPT models.
This figure firmly places the company on course to achieve its ambitious annual revenue goal of $12.7 billion for 2025.
The anticipated annual revenue figure reflects strong growth, nearly doubling from around $5.5 billion reported in December 2024. This rapid expansion highlights the increasing integration and dependence on OpenAI’s AI models across various industries.
An OpenAI representative confirmed that the $10 billion figure does not include licensing revenue from its main investor, Microsoft, nor significant one-time contracts, emphasizing the robustness of its core products and subscription services. CNBC was the first to report these details.
Although the company faced losses of about $5 billion last year, OpenAI’s swift revenue growth indicates its substantial advantage in the competitive AI market. This success comes at a time when other players in the growing AI space are also seeing progress, with rival Anthropic recently surpassing $3 billion in annual revenue, driven largely by the demand from code-generation startups that utilize its models.
OpenAI has been proactively seeking strategic expansion, having announced in March its intention to raise up to $40 billion in a new funding round led by SoftBank Group, which would give the company an impressive valuation of $300 billion.
Since the introduction of its revolutionary ChatGPT chatbot over two years ago, OpenAI has consistently broadened its offerings, unveiling a variety of subscription options for both individual users and businesses. By the end of March this year, OpenAI reported an astonishing 500 million weekly active users, further cementing its leadership in AI innovation and adoption.
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