"OpenAI, Previously in Deficit, Expects Annual Revenue of 1.3 Trillion Won Thanks to ChatGPT Success"

Deinformation, Source-Cited Report
Last Year $540 Million Loss... Monthly Revenue $80 Million

OpenAI, which launched the generative artificial intelligence (AI) 'ChatGPT' worldwide last November, is expected to record annual sales exceeding 1 trillion won, according to reports. Unlike last year, when it suffered significant losses due to investments in developing new technologies such as GPT-4, this year it is reportedly generating profits at a faster pace than expected.

[Image source=AP Yonhap News]

On the 29th (local time), U.S. IT media The Information cited sources reporting that OpenAI is expected to record sales exceeding 1 billion dollars over the next 12 months. Since the current monthly revenue exceeds 80 million dollars, if this trend continues, the annual sales will easily surpass 1 trillion won, according to the sources.

OpenAI's sales last year amounted to only 28 million dollars. Even then, it recorded a loss of 540 million dollars due to massive investments in developing generative AI technologies such as GPT-4. The Information stated, "This is a faster pace than the revenue forecasts previously shared with shareholders by OpenAI."

Since the launch of ChatGPT, OpenAI appears to have recorded so-called 'blockbuster' sales by collaborating with numerous companies ranging from startups to large corporations. It has also introduced API (Application Programming Interface) solutions for developers and businesses, generating revenue through its partnership with its key investor Microsoft (MS).

Having hit the jackpot with ChatGPT, OpenAI is making efforts to monetize its business. Following the public release of ChatGPT, it launched 'ChatGPT Enterprise,' a chatbot for businesses, the day before. The key features are that enterprise customers can input and utilize their own data, but this data is not used for ChatGPT training, and it is twice as fast as the paid version of ChatGPT.

However, OpenAI's move has attracted attention as it may clash with its sponsor MS, with whom it is competing. Six weeks before OpenAI released the enterprise version of ChatGPT, MS launched 'Bing Chat Enterprise,' a chatbot for businesses.

This content was produced with the assistance of AI translation services.