June 9, 2025:
OpenAI Hits $10 Billion in Annual Revenue - OpenAI has reached $10 billion in annual recurring revenue, fueled by the widespread adoption of its AI tools, like ChatGPT and business products. The user base has grown to nearly 1 billion, reflecting the company's rapid expansion. OpenAI's valuation has hit $300 billion, with a goal of $125 billion in revenue by 2029, showcasing its swift growth in the AI sector.
Recent acquisitions, such as Windsurf for AI-assisted coding and consumer electronics startup io Products Inc., highlight OpenAI's strategic move into hardware and diversified AI applications. These acquisitions indicate OpenAI's intent to broaden its offerings and strengthen its position within the industry.
