OpenAI’s income is reportedly booming

We don’t know if OpenAI, the creator of ChatGPT, is definitely making any cash to this point. However due to a Wednesday report in The Info, what we do know is that the corporate doubled its annualized income — a measure of the earlier month’s income multiplied by 12, because the publication helpfully defined — within the final six months.

OpenAI’s annualized income was $3.4 billion, CEO Sam Altman reportedly advised workers. That’s up from $1.6 billion across the finish of final 12 months, and $1 billion a 12 months in the past. Most of this income got here from a subscription model of ChatGPT, which presents increased messaging limits to individuals who pay at the least $20 a month, in addition to from builders who pay the corporate to make use of the corporate’s massive language fashions in their very own apps and providers. About $200 million on an annualized foundation comes from Microsoft, which supplies OpenAI a minimize of gross sales of OpenAI’s massive language fashions to prospects utilizing Azure, Microsoft’s cloud computing platform aimed toward companies.

Notably, an OpenAI spokesperson advised The Info that the financials have been “inaccurate” however didn’t clarify which particulars it disputed. OpenAI didn’t instantly reply to Engadget’s request for remark.

Earlier this week, Apple introduced a partnership with OpenAI. The corporate plans to hook ChatGPT proper into its working programs for iPhones, iPads, and Macs, letting Siri attain out to ChatGPT to reply questions. The monetary phrases of that deal, nonetheless, are nonetheless unknown.

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