Microsoft-backed (MSFT.O), opens new tab OpenAI hit the $2 billion income milestone in December, the Financial Times reported on Friday, citing two humans with knowledge of the artificial talent (AI) start-up’s finances.
Microsoft and OpenAI did now not at once reply to Reuters’ request for comment.
OpenAI believes it can greater than double this parent in 2025, primarily based on sturdy hobby from business customers searching for to use its technological know-how to adopt generative AI equipment in the workplace, the document said.
Microsoft and OpenAI did now not immediately reply to Reuters’ request for comment.
The company’s annualized income topped $1.6 billion in December primarily based on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information had reported previously.
Investors have valued the San Francisco-based startup at extra than $80 billion.
OpenAI chief Sam Altman is in talks with investors, inclusive of the UAE, to increase cash for a tech initiative to boost the world’s chip-building ability and amplify its ability to strength AI, among different things, the Wall Street Journal pronounced late on Thursday.
