During an internal all-hands meeting on Wednesday, OpenAI CEO, Sam Altman, announced that the company is set to hit $3.4B in annual revenue this year, which is double what it made last year. OpenAI’s revenue has grown rapidly since it launched ChatGPT—making $1.3B in 2023—thanks to its strategic initiatives, including enterprise partnerships and advancing its AI models. OpenAI clearly plans to maintain this rapid growth trajectory, as it recently hired a new CFO (ex-Nextdoor CEO, Sarah Friar) who will manage OpenAI’s finances and support global growth.This comes after Apple confirmed its partnership with OpenAI during its developer conference this week, which will see ChatGPT integrated into its devices and voice assistant, Siri, but this partnership might not contribute to OpenAI’s annualized revenue.
