OpenAI expects subscription revenue to nearly double to $10bn

OpenAI has nearly doubled its annual subscription revenue to $10 billion, driven by strong demand for ChatGPT. Despite the growth, the company is still operating at a loss and relies heavily on investor funding. It aims to reach profitability by 2029, targeting $125 billion in revenue.

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OpenAI is expanding through major acquisitions and partnerships, though there are early signs that enterprise AI spending may be slowing.