OpenAI, the artificial intelligence research lab, is on track to surpass $1 billion in revenue in 2023, driven by sales of its AI software and the associated computing capacity, according to a report by The Information.
The AI startup has seen a substantial boost in its monthly revenue to around $80 million in recent months, up from $28 million in 2022. This growth coincides with the introduction of fees for its widely-used chatbot, ChatGPT.
ChatGPT has gained widespread adoption and usage across the globe, reaching 100 million monthly active users in record time. Its website generated more than 1.6 billion visits in June, making it one of the most used web applications by netizens. OpenAI generates revenue by selling its API access to its AI models to developers and enterprises, and by collaborating with Microsoft. Microsoft invested over $10 billion in OpenAI in January and has integrated ChatGPT into several of its products.
On August 28, OpenAI launched ChatGPT Enterprise, a new version of its chatbot that offers users top-tier security and privacy measures, unlimited high-speed access to GPT-4, extended context capabilities for more comprehensive inputs, advanced data analysis tools, and adaptable configurations. ChatGPT Enterprise places a premium on safeguarding data, offering customers ownership and control over their data, full compliance with SOC 2 standards, and encrypted conversations. Its user-friendly admin console streamlines team management enables domain verification, supports single sign-on (SSO), and provides insights for large-scale deployment.
Beyond its robust security features, ChatGPT Enterprise grants unrestricted access to advanced data analysis, formerly known as Code Interpreter. This tool empowers both technical and non-technical teams to analyze data swiftly.
The launch of ChatGPT Enterprise is a major milestone for OpenAI and is a sign of the company’s growing ambitions. With its strong revenue growth and innovative products, OpenAI is well-positioned to become a major player in the AI industry in the years to come.