PANews reported on June 13 that according to people familiar with the matter, OpenAI CEO Sam Altman told employees at a company-wide meeting on Wednesday that the company's annual revenue is expected to reach $3.4 billion. Altman said that the vast majority of revenue (about $3.2 billion) comes from OpenAI's products and services. OpenAI is also expected to generate about $200 million in revenue by providing access to artificial intelligence models through Microsoft Azure. According to previous news, OpenAI's annualized revenue will be $1.6 billion by the end of 2023. In recent months, OpenAI has been working to sell services to corporate customers to increase revenue from its artificial intelligence products.