Back from the Brink

OpenAI, which was losing millions of dollars on ChatGPT and was on the verge of bankruptcy, has finally projected its revenue expectation to investors. It is looking to clock a revenue of about $1 billion in the next twelve months. The expected revenue is multi-times more than the projected revenue of $200 million in 2023.

OpenAI confidently projected this new revenue after the launch of ChatGPT Enterprise, which claims to offer enterprise-grade security and privacy, unlimited higher-speed GPT-4 access, longer context windows for processing longer inputs, advanced data analysis capabilities, and customisation options.