OpenAI CEO Sam Altman at the HOPE Global Forum annual meeting on December 11, 2023 in Atlanta.
Dustin Chambers | Bloomberg | Getty Images
According to CNBC confirmation, OpenAI, the creator of ChatGPT, expects revenue this year to reach $3.7 billion and a loss of about $5 billion.
According to a person close to OpenAI, the company had revenue of $300 million last month, up 1,700% since the beginning of last year, and expects sales to reach $11.6 billion next year. .
new york times OpenAI’s financials were first reported earlier on Friday after a review of company filings. CNBC has not yet seen the financial report.
OpenAI, which is backed by Microsoft, is currently seeking a funding round that would value the company at more than $150 billion, people familiar with the matter told CNBC. Thrive Capital is leading the round and plans to invest $1 billion, with Tiger Global also planning to invest.
OpenAI Chief Financial Officer Sarah Friar told investors in an email on Thursday that the funding round is oversubscribed and will close next week. Her message follows the departures of a number of key figures, most notably technical director Mira Murati, who announced the day before that she was leaving OpenAI after six and a half years.
Also this week, news surfaced that OpenAI’s board of directors is considering plans to restructure the company into a for-profit enterprise. The company will keep its nonprofit arm as a separate entity, a person familiar with the matter told CNBC. The structure will be simpler for investors and make it easier for OpenAI employees to achieve liquidity, sources said.
Since the launch of ChatGPT at the end of 2022, OpenAI’s services have rapidly gained popularity. Running these models requires significant investment NVIDIA Graphics processing unit (GPU).
The Times quoted an analysis by a financial professional who has reviewed OpenAI documents as saying that losses of about $5 billion this year are related to the cost of operating its services, as well as employee wages and office rent. The costs did not include equity-based compensation and “several large charges were not adequately explained in the document,” the paper said.
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