OpenAI expects to generate over $12 billion in revenue this year, more than triple last year’s revenue, according to Bloomberg. The company projects revenue will more than double again next year to nearly $30 billion and surpass $125 billion by 2029. OpenAI faces high costs from chips, data centers, and talent needed to build advanced AI. It expects to become cash-flow positive in 2029, when revenue may reach $125 billion. The company is reportedly in talks to raise up to $40 billion in funding, led by SoftBank, at a valuation nearing $300 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI expects to generate over 12 billion dollars in revenue this year,
00:05more than triple last year's revenue, and according to Bloomberg,
00:08company projects revenue will more than double again next year to nearly 30 billion dollars
00:13and surpass 125 billion dollars by 2029.
00:16OpenAI faces high costs for chips, data centers, and talent needed to build advanced AI.
00:21Expects to become cash flow positive in 2029.
00:24Revenue may reach 125 billion dollars.
00:27Companies reportedly in talks to raise up to 40 billion dollars
00:30in funding led by SoftBank at a valuation of nearing 300 billion dollars.
00:34For all things money, visit Benzinga.com slash GSTV.