ChatGPT drives OpenAI toward $1B revenue goal after losing $540M in 2022

OpenAI is poised to surpass the $1 billion revenue mark within the next year, driven by sales of artificial intelligence software and the associated computing capacity, The Information reported on Aug. 29.

The AI startup has reportedly seen a substantial boost in its monthly revenue to around $80 million. This marks a significant increase from its previous revenue of $28 million, which coincides with the introduction of fees for its widely-used chatbot, ChatGPT. Meanwhile, The Information reported that OpenAI lost around $540 million last year while developing GPT-4 and ChatGPT.