TechFlow news — According to documents obtained by The New York Times, AI startup OpenAI expects to generate $3.7 billion in revenue in 2024, with ChatGPT contributing $2.7 billion. However, the company is also projected to incur a loss of $5 billion (excluding stock-based compensation). As of August 2023, its monthly revenue had already reached $300 million, a 1,700% increase from the beginning of the year. The company forecasts revenues exceeding $11.6 billion in 2025 and potentially reaching $100 billion by 2029.
To achieve this growth, OpenAI plans to gradually raise subscription fees for ChatGPT, increasing from the current $20 per month to $22 by the end of 2024, and reaching $44 within five years. The company is currently seeking $7 billion in funding, which could value it at $150 billion. Tech giants including Microsoft and Nvidia are reportedly involved in financing talks, while Apple is said to have withdrawn.
Meanwhile, OpenAI is preparing to announce a new corporate structure under which its for-profit division will no longer be subordinate to the nonprofit foundation's board. Recent executive changes, including the sudden resignation of Chief Technology Officer Mira Murati, are seen as signals of structural reorganization. Reports suggest CEO Sam Altman may receive a 7% equity stake in the company, though Bret Taylor, chair of OpenAI’s board, has denied that specific figures have been discussed.
