OPENAI HITS $12 BILLION IN ANNUALIZED REVENUE

Summary from the TLDR AI newsletter

OpenAI has reached $12 billion in annualized revenue, roughly doubling its revenue in the first seven months of the year. The figure implies that OpenAI is generating $1 billion a month. The company has around 700 million weekly active users. OpenAI has increased its cash burn projection to roughly $8 billion in 2025, up $1 billion from its projection earlier in the year.