From PYMNTS.: 2024-06-12 20:58:06

OpenAI has reportedly more than doubled its annualized revenue to $3.4 billion from $1.6 billion in 2023, as reported by Bloomberg. The company recently announced a partnership with Apple to integrate its ChatGPT 4o chatbot into Apple’s devices. OpenAI also named Sarah Friar as CFO and Kevin Weil as CPO as part of its growth strategy.

The news of OpenAI’s revenue increase coincides with Apple reclaiming the title of “World’s Most Valuable Company” with the rollout of AI features. Competitors like Microsoft and Nvidia have also seen boosts in value due to investments in AI technology. Apple’s dominance in the U.S. phone market contributes to its advantage in implementing AI functionality for consumers.



Read more at PYMNTS.: OpenAI Doubled Annualized Revenue in 6 Months