Artificial Intelligence

ChatGPT parent OpenAI nears $1bn turnover milestone

Company this week announced an enterprise version of ChatGPT we i6 looks to increase revenues from its best-known product.

OpenAI it lost around $540 million in 2022 developing GPT-4 and ChatGPT

OpenAI, the company behind ChatGPT, is on track for $1 billion of annual revenue as businesses adopt the technology behind its generative AI bot.

The start-up, whose backers include Microsoft. is earning about $80 million of revenue monthly currently, according to a report in the Silicon Valley publication, The Informatio.

The publication also reported that OpenAI it lost around $540 million in 2022 developing GPT-4 and ChatGPT. A representative for the start-up didn’t immediately respond ...