Simon Willison’s Weblog

OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth. Noteworthy because OpenAI revenue is a useful indicator of the direction of the generative AI industry in general, and frequently comes up in conversations about the sustainability of the current bubble.

OpenAI has hit $10 billion in annual recurring revenue less than three years after launching its popular ChatGPT chatbot.

The figure includes sales from the company’s consumer products, ChatGPT business products and its application programming interface, or API. It excludes licensing revenue from Microsoft and large one-time deals, according to an OpenAI spokesperson.

For all of last year, OpenAI was around $5.5 billion in ARR. [...]

As of late March, OpenAI said it supports 500 million weekly active users. The company announced earlier this month that it has three million paying business users, up from the two million it reported in February.

So these new numbers represent nearly double the ARR figures for last year.