OpenAI has reached $10 billion in annual recurring revenue, more than 60% higher than a year ago, as demand grows for its ChatGPT subscriptions and developer tools.
The company now counts over 3 million paying ChatGPT users and a rapidly growing API business, which generates about one-third of total revenue through enterprise use in sectors such as healthcare, finance and retail.
The milestone follows a $40 billion funding round led by SoftBank that valued OpenAI at $300 billion.
The company is targeting $125 billion in revenue by 2029, implying average growth of over 70% a year.