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OpenAI on track to hit $2bn revenue milestone as growth skyrockets

The San Francisco-based start up joins Google and Meta as one of the fastest-growing tech companies ever
Sam Altman says 92 per cent of Fortune 500 companies use OpenAI products

OpenAI’s revenues have surpassed $2bn on an annualised basis, as the runaway success of its flagship artificial intelligence product ChatGPT puts it among the fastest-growing technology companies in history.

The San Francisco-based start-up’s yearly run rate — a measure of the previous month’s revenue multiplied by 12 — hit the $2bn milestone in December 2023, according to two people with knowledge of its finances.

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