OpenAI growing fast, burning piles of money
Business Standard|September 30, 2024
OpenAI, the San Francisco start-up behind ChatGPT, has been telling investors that it is making billions from its chatbot and that it expects to make a lot more in the coming years.
MIKE ISAAC & ERIN GRIFFITH
OpenAI growing fast, burning piles of money

But it has not been quite so clear about how much it is losing.

OpenAI's monthly revenue hit $300 million in August, up 1,700 percent since the beginning of 2023, and the company expects about $3.7 billion in annual sales this year, according to financial documents reviewed by The New York Times. OpenAI estimates that its revenue will balloon to $11.6 billion next year.

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