"OpenAI has pulled in a billion-dollar month from something other than ChatGPT. Sam Altman said in a post on X on Thursday that OpenAI added more than $1 billion in annual recurring revenue in the past month "just from our API business." "People think of us mostly as ChatGPT, but the API team is doing amazing work!" the OpenAI CEO wrote."
"OpenAI's API enables other companies and developers to embed its models into their own products, from internal productivity software to coding tools. Many of Silicon Valley's high-profile startups rely on OpenAI's models as core infrastructure. Perplexity uses OpenAI's models to power parts of its AI search and answer engine. Harvey, one of the fastest-growing legal tech startups, is built on OpenAI's models to assist lawyers with research and drafting."
"Altman's comments underscore how OpenAI's infrastructure business is emerging as a key growth engine, even as the company faces massive costs for computing power and data centers. Those pressures have pushed OpenAI to look beyond consumer subscriptions. Last week, the company said it is gearing up to test ads inside ChatGPT as it faces about $1.4 trillion in spending commitments over the coming years."
OpenAI's API business added more than $1 billion in annual recurring revenue in the past month. The API enables companies and developers to embed OpenAI models into products, including internal productivity tools and coding applications. High-profile startups like Perplexity and Harvey use OpenAI models for AI search, answers, legal research, and drafting. The infrastructure business is emerging as a key growth engine while OpenAI faces massive computing and data-center costs. Those cost pressures have driven the company to pursue revenue beyond consumer subscriptions, including preparing to test ads inside ChatGPT and reconsidering prior reluctance toward advertising.
Read at Business Insider
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