OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter.
The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report.
By 2029, OpenAI expects its revenue will surpass $125 billion. Fueled by the strength of its paid AI software, OpenAI forecast to more than triple its revenue to $12.7 billion in 2025, the report said.
In September last year, Reuters reported that OpenAI was anticipating its revenue would surpass $11.6 billion in 2025, citing sources who were privy to the matter, adding that its revenue in 2024 would touch $3.7 billion, a figure corroborated by the Bloomberg report.
In more than two years since OpenAI rolled out its ChatGPT chatbot, it has introduced a bevvy of subscription offerings for consumers and businesses. In February, its paying business users crossed 2 million, more than double the number from its last update in September.
Source: reuters
Economics offers a century-old fix to climate change: carbon pricing. While widely accepted in policy…
Public debt is at or near record highs in many economies, at the same time…
Bank balance sheets on both sides of the Atlantic have undergone a profound transformation. While…
Comparable international survey data on artificial intelligence adoption by firms is still lacking. This column…
Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This…
The relationship between inflation and economic slack, shown by the Phillips curve, has long been…