OpenAI’s income is reportedly booming

We don’t know if OpenAI, the creator of ChatGPT, is definitely making any cash up to now. However because of 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 instructed workers. That’s up from $1.6 billion across the finish of final yr, and $1 billion a yr in the past. Most of this income got here from a subscription model of ChatGPT, which provides increased messaging limits to individuals who pay not less than $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 companies. About $200 million on an annualized foundation comes from Microsoft, which provides OpenAI a minimize of gross sales of OpenAI’s massive language fashions to clients utilizing Azure, Microsoft’s cloud computing platform geared toward companies.

Notably, an OpenAI spokesperson instructed 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 announced a partnership with OpenAI. The corporate plans to hook ChatGPT proper into its working techniques for iPhones, iPads, and Macs, letting Siri attain out to ChatGPT to reply questions. The monetary phrases of that deal, nevertheless, are nonetheless unknown.

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