OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth

CNBC reports: OpenAI announces new revenue figures on June 9 and figures that represent a nearly 100% growth in the past year. But it’s only a fraction of what they project by 2029:

OpenAI is also targeting $125 billion in revenue by 2029, according to a person familiar with the matter who asked not to be named because the details are confidential. The Information first reported on OpenAI’s revenue ambitions.

That’s a lot of $20/mo. subscriptions.