The rollout of ChatGPT Enterprise is a move forward in OpenAI’s plans to make money from its ubiquitous chatbot.
OpenAI is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence investment. The startup backed by Microsoft is earning about $80 million of revenue monthly, a person briefed on the matter said, asking to speak anonymously about undisclosed figures. The Information first reported on OpenAI’s revenue, including that it lost around $540 million in 2022 developing GPT-4 and ChatGPT.
Since debuting its bot in November, OpenAI has worked with companies from fledgling firms to major corporations to incorporate the technology in their businesses and products. This month, it launched a corporate version of ChatGPT with added features and privacy safeguards, the startup’s most significant effort yet to attract a broad mix of business customers and boost revenue from its best-known product.
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