OPENAI HITS $10 BILLION IN ANNUAL RECURRING REVENUE FUELED BY CHATGPT GROWTH

Summary from the TLDR newsletter

OpenAI has hit $10 billion in annual recurring revenue (ARR). The figure includes sales from the company's consumer products, ChatGPT business products, and OpenAI's API, but excludes licensing revenue from Microsoft and large one-time deals. OpenAI had around $5.5 billion in ARR last year - it is targeting $125 billion in revenue by 2029. The company currently supports 500 million weekly active users, with three million paying business users.