By Osama 
OpenAI, the company behind ChatGPT, is experiencing rapid revenue growth but also facing significant losses. As of August, OpenAI’s monthly revenue reached $300 million, a 1,700% increase since early 2023. The company projects annual sales of $3.7 billion this year, potentially rising to $11.6 billion next year.
Despite these gains, OpenAI expects to incur losses of about $5 billion this year due to operational costs, salaries, and rent. This estimate excludes equity-based compensation for employees and other large, unspecified expenses.
OpenAI is currently seeking $7 billion from investors, which would value the company at $150 billion. This funding round is crucial as the company navigates growth and recent executive departures.
The financial documents reveal OpenAI’s impressive user base growth, with 350 million monthly users in June, up from 100 million in March. Much of this growth is due to the popularity of ChatGPT, which earned $2.7 billion in revenue this year. The company plans to increase its subscription fee from $20 to $44 over the next five years.
Additionally, over one million developers utilize OpenAI’s technology for their services. The company aims to reach $100 billion in revenue by 2029, on par with major corporations like Nestlé or Target.
Sadiq Al Gobahi