OpenAI is not just here for a good time as it has made it clear that it has solid financial plans for the future which includes a $29 billion valuation and $1 billion revenue.
Back in December 2022, OpenAI had told investors that it will make $200 million in revenue in 2023 and bump that up to $1 billion in 2024. We should have known that a company founded by Elon Musk and entrepreneur Sam Altman would be looking to make money.
With the launch of DALL-E and DALL-E 2, it was clear that the AI company had built something very useful. However, it was its chatbot, ChatGPT, that really made it mainstream. Now, we have tools that can general art based on a sentence and a another than can write articles, business proposals and code.
Consider that what we currently have are public demos designed to absorb as much of our information as it can. Likely, premium versions are coming that will see users get better features. Although, OpenAI has not confirmed this speculation.
More recently, rumours have been going around that the company is trying to raise some funds and investors are being welcomed to buy stock from existing shareholders, some of whom are employees. Analysts are calculating that this exercise could take its valuation from $20 billion (last reported in 2021) to $29 billion.
For now, we are yet to see OpenAI announce paying features.
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