According to PANews, OpenAI's CEO, Sam Altman, has reportedly informed employees at a company-wide meeting that the firm's annual revenue is expected to reach $3.4 billion. Altman stated that the vast majority of this income, approximately $3.2 billion, will come from OpenAI's products and services.
In addition, OpenAI is projected to generate about $200 million in revenue by providing access to artificial intelligence models through Microsoft Azure. Prior reports indicated that by the end of 2023, OpenAI's annualized revenue would be $1.6 billion.
Over the past few months, OpenAI has been striving to increase its artificial intelligence product revenue by selling services to corporate clients.