Yahoo News
Apple drops out of talks to join OpenAI investment round, WSJ says
Technology
Economy
Apple left $6.5 billion OpenAI round; Microsoft to invest $1 billion; ChatGPT launch sparked $100 billion valuation, AI race.
2024-09-28 17:55:09
Business
Technology
Artificial Intelligence
OpenAI's Financial Aspirations Amid Industry Shifts
Image used under license from Shutterstock.com
OpenAI is positioning itself for significant growth, aiming for $100 billion in revenue by 2029. Following a remarkable increase in its user base, from 100 million to 350 million in just a few months, the company anticipates a revenue of $2.7 billion this year.
In light of this expansion, ChatGPT's subscription price is expected to rise notably over the next five years. Meanwhile, Apple has withdrawn from investment talks, leaving Microsoft to contribute $1 billion and other investors like Thrive Capital to join the funding round.
Despite projected losses this year, OpenAI's strategies indicate a robust shift towards profitability, emphasizing the competitive nature of the AI industry and the ongoing race for technological supremacy.
Related news on that topic:
The press radar on this topic:
THE DECODER
OpenAI plans to double ChatGPT's price in five years, targeting $100 billion in revenue by 2029
Technology
Economy
Finance
OpenAI is set to more than double ChatGPT's price in five years, targeting $100 billion in revenue by 2029. Internal documents indicate tripled revenues to $300 million since August, driven by increased monthly users from 100 million in March to 350 million in June. Expected revenue from ChatGPT is $2.7 billion this year, with $1 billion from businesses. Currently, 10 million users pay $20 monthly, with plans to raise prices to $44. Microsoft provides essential computing power, impacting its own..
heise online
Insider Reports: OpenAI Revenue Could Increase Massively by 2025 | heise online
Economy
Finance
Technology
OpenAI expects a massive increase in revenue by 2025; Financing round with Microsoft, Apple, Nvidia, Khosla Ventures and Thrive Capital; Thrive Capital offers $1.2 billion and an option for an additional $1 billion.
Welcome!
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand