OpenAI’s path to growth is clear. Around 75% of its revenue comes directly from consumer subscriptions. And that’s no small feat—it shows that people aren’t just curious; they’re paying to see where AI can take them.
This week, Chief Financial Officer Sarah Friar, in an interview with Bloomberg, highlighted that ChatGPT has 250 million weekly active users, with about 5% to 6% of those free users opting to pay for more. For OpenAI, this is a key piece of the puzzle.
Meanwhile, corporate clients are next in line. OpenAI’s business-focused offerings—like ChatGPT Enterprise, ChatGPT Team, and ChatGPT Edu—have drawn over a million paying business users within a year. And interestingly, more than half of those users are outside the United States.
Earlier this month, OpenAI’s valuation surged to $157 billion following a $6.6 billion funding round. With this leap, it’s nearly double the $86 billion valuation from earlier this year.
Looking at projections, OpenAI expects revenue to hit $3.7 billion in 2024 and then over triple by 2025. But costs are high, with this year’s losses likely reaching $5 billion.
What’s new? OpenAI’s latest software, Swarm, adds another layer of power. This system lets teams of AI agents manage complex, multitiered tasks, creating handoffs between specialized AI agents. There’s huge demand for these AI-driven agents, from managing customer service to overseeing intricate supply chains.
Strategic partnerships are also part of the plan. OpenAI teamed up with Hearst on Oct. 8, bringing newspaper and magazine content into its ecosystem. ChatGPT users will now see this content seamlessly integrated into their AI experience.
And in September, OpenAI rolled out Advanced Voice features for Plus and Team users in supported countries. These nine lifelike voices—some animated, some calm and versatile—make for a more dynamic ChatGPT interaction, tailored to different tones and user needs.
The growth trajectory is ambitious, but OpenAI is laying the groundwork to reshape what AI can do, both for individual users and big businesses.
Image: DIW-Aigen
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This week, Chief Financial Officer Sarah Friar, in an interview with Bloomberg, highlighted that ChatGPT has 250 million weekly active users, with about 5% to 6% of those free users opting to pay for more. For OpenAI, this is a key piece of the puzzle.
Meanwhile, corporate clients are next in line. OpenAI’s business-focused offerings—like ChatGPT Enterprise, ChatGPT Team, and ChatGPT Edu—have drawn over a million paying business users within a year. And interestingly, more than half of those users are outside the United States.
Earlier this month, OpenAI’s valuation surged to $157 billion following a $6.6 billion funding round. With this leap, it’s nearly double the $86 billion valuation from earlier this year.
Looking at projections, OpenAI expects revenue to hit $3.7 billion in 2024 and then over triple by 2025. But costs are high, with this year’s losses likely reaching $5 billion.
What’s new? OpenAI’s latest software, Swarm, adds another layer of power. This system lets teams of AI agents manage complex, multitiered tasks, creating handoffs between specialized AI agents. There’s huge demand for these AI-driven agents, from managing customer service to overseeing intricate supply chains.
Strategic partnerships are also part of the plan. OpenAI teamed up with Hearst on Oct. 8, bringing newspaper and magazine content into its ecosystem. ChatGPT users will now see this content seamlessly integrated into their AI experience.
And in September, OpenAI rolled out Advanced Voice features for Plus and Team users in supported countries. These nine lifelike voices—some animated, some calm and versatile—make for a more dynamic ChatGPT interaction, tailored to different tones and user needs.
The growth trajectory is ambitious, but OpenAI is laying the groundwork to reshape what AI can do, both for individual users and big businesses.
Image: DIW-Aigen
Read next:
• Men Beware: Your Smartphone Might Be Making You Feel More Alone!
• 30+ Biggest Media Problems: What’s Impacting the Industry
• These Are the Media Giants Reshaping 2024: Google and TikTok at the Forefront