OpenAI, creator of ChatGPT, on trajectory to bring in $1 billion
ChatGPT has been publicly available since late 2022; monthly revenues exceed $80 million
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OpenAI, the firm that made AI chatbot ChatGPT, will reportedly bring in 10 figures of revenue on its current trajectory.
The Microsoft-backed company is expected to reach that over the next one-year period, according to The Information. On a monthly basis, its revenues reportedly come in more than $80 million.
The Information cited an anonymous source that held "direct knowledge of the situation." FOX Business reached out to OpenAI for comment on the outlet’s Tuesday report.
![ChatGPT](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/08/931/523/chatgpt54.png?ve=1&tl=1)
OpenAI, the firm that made AI chatbot ChatGPT, will reportedly bring in 10 figures of revenue on its current trajectory. (Lionel Bonaventure / AFP / File / Getty Images)
That $1 billion revenue is being driven by its AI technology, including its ChatGPT tool and its application programming interface (API), according to The Information.
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Earlier this year, OpenAI started offering a subscription option for ChatGPT that costs $20 each month. The company also charges for its API.
The California-based company reportedly saw revenues of $28 million in 2022. While ChatGPT and its GPT-4 large multimodal model were in the works, it experienced a $540 million loss, according to The Information.
![OPENAI LOGO](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/05/931/523/OPENAI.jpg?ve=1&tl=1)
Earlier this year, OpenAI started offering a subscription option for ChatGPT that costs $20 each month. The company also charges for its application programming interface. (Nikos Pekiaridis / NurPhoto / File / Getty Images)
ChatGPT has been publicly available since late 2022. Roughly 1-2 million people reportedly had subscribed to the paid version in March.
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On Monday, OpenAI revealed the debut of ChatGPT Enterprise, a version geared toward businesses, as previously reported by FOX Business.
The AI start-up at the time said it has "seen teams adopt it (ChatGPT) in over 80% of Fortune 500 companies." Other companies have also debuted features powered by OpenAI’s chatbot for products this year.
![The logo of 'ChatGPT' is displayed on a mobile phone screen in front of a computer screen with the logo of OpenAI](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/07/931/523/ChatGPT.jpg?ve=1&tl=1)
ChatGPT has been publicly available since late 2022. Roughly 1-2 million people reportedly had subscribed to the paid version in March. (Harun Ozalp / Anadolu Agency / File / Getty Images)
The AI sector overall has drawn the attention of lawmakers as the field continues to heat up and more AI tools enter the market.
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OpenAI CEO Sam Altman will speak at an artificial intelligence forum for senators in mid-September. He is expected to be joined by others like Google CEO Sundar Pichai, X Corp. Chairman Elon Musk and Meta Platforms CEO Mark Zuckerberg.
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Altman went before Congress in May to give testimony on AI.
Andrea Vacchiano and Chad Pergram contributed to this report.