AI boom: ChatGPT is on track to generate more than $1 billion in revenue

AI boom: ChatGPT is on track to generate more than  billion in revenue

August 30, 2023 – 2:52 p.m.

Previously, the company that makes ChatGPT estimated revenue of $200 million this year.

The maker of ChatGPT estimated revenue of $200 million this year.

Open AIthe manufacturer of ChatGPTis on track to generate more than $1 billion in revenue in the next 12 months from the sale of artificial intelligence software and the computing power that powers it, The Information reported.

Previously, the manufacturer of ChatGPT estimated revenue of $200 million this year.

The company, backed by Microsoftis generating more than $80 million in revenue a month, up from $28 million for all of last year, the report added.

ChatGPT people.jpg

In addition to ChatGPTearn money by direct sale of API access of its artificial intelligence models for developers and enterprises and through a partnership with Microsoftwhich invested more than $10 billion in the company in January.

ChatGPTknown for producing text or poetry on request, aroused great interest in Silicon Valleyas investors view generative AI as the next big growth area for tech companies.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts