Major AI initiative planned
ChatGPT maker cracks two billion dollars in sales
February 9, 2024, 10:28 a.m
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The ongoing boom in AI is helping OpenAI achieve rapid growth. For ChatGPT developer OpenAI, it is quickly becoming a billion-dollar business. But the startup thinks in even larger spheres.
According to a newspaper report, the startup OpenAI, which specializes in artificial intelligence (AI), has broken the two billion dollar sales mark. The $2 billion mark was reached in December, the Financial Times reported, citing two people familiar with the finances of the US company, best known for its ChatGPT product.
The company, whose major shareholder is the technology group Microsoft, expects to be able to more than double this sales figure by 2025. This should be driven by strong demand from business customers who want to use OpenAI’s technology to use generative AI tools in the workplace. Neither Microsoft nor OpenAI initially issued a statement.
The ongoing boom in AI is helping OpenAI achieve rapid growth. In order to be able to maintain the high pace in the long term, boss Sam Altman is promoting a billion-dollar project to build additional factories for AI chips to investors, wrote the “Wall Street Journal” citing insiders. Altman wants to raise five to seven trillion dollars for this and is talking to potential donors from the United Arab Emirates, among others. Neither OpenAI nor Microsoft wanted to comment on this topic.
Programs like ChatGPT are computationally intensive and require special processors. However, these are not available in sufficient quantities because there are only a few providers worldwide. Many semiconductor companies have announced the expansion and construction of new plants in recent months. Among other things, new “megafabs” are to be built in Magdeburg and Dresden. However, the total volume of these planned investments does not come close to Altman’s plans.