Open AI It has reportedly more than doubled its annual revenue over the past six months or so.
The company currently expects annual sales of $3.4 billion, up from $1.6 billion in 2023, Bloomberg reports. report Wednesday (June 12th), paid article by information.
OpenAI did not immediately respond to PYMNTS' request for comment.
The report was released two days later. apple Announced partnership with OpenAI and Chatbots, With user permission, ChatGPT 4o is integrated into iOS, macOS, iPadOS, and supports Siri.
On the same Monday (June 10), OpenAI announced a new CFO The company said it had appointed a new chief financial officer (CFO) and chief product officer (CPO) as part of preparations for its “next phase of growth.”
Sarah Fryerformer CEO Next Doorjoined OpenAI as CFO, Kevin Weilformer president, Products and business Planet Labjoined the company as CPO.
“Sarah and Kevin bring a wealth of experience that will enable OpenAI to scale our business and shape our strategy for our next phase of growth,” OpenAI CEO Sam Altman said in a press release announcing the changes. and We ensure our teams have the resources they need to continue to grow.”
OpenAI's report of a surge in annual revenue comes as all three companies vying for the title of “world's most valuable company” artificial intelligence boom.
On Wednesday, Apple reclaimed the title of “the world's most valuable company” as its stock price began to rise after the company introduced a range of AI features for its devices.
Apple's latest competitors for that title are also benefiting from investor interest in AI.
Microsoft announced earlier this year that Own Investing in AI.
and Last week, chipmaker Nvidia overtook Apple for third place, benefiting from the AI boom as its market capitalization tops $3 trillion.
In Apple's case, the company's dominant position in the US mobile phone market gives it an advantage in rolling out AI capabilities as consumers may prefer to access the technology in that way.
