OpenAI says it's making $10 billion in annual recurring revenue as ChatGPT grows

One year after incurring a loss of $5 billion, OpenAI has reported an impressive $10 billion in annual recurring revenue, primarily driven by revenue from its ChatGPT business products, according to CNBC. This figure does not account for one-time deals or the licensing agreement with Microsoft (MSFT). The significant turnaround highlights OpenAI’s successful monetization of its AI technology amidst its prior financial challenges.

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