#AI #GenerativeAI #OpenAI #AIBubble #AIHype: "The company expects ChatGPT to bring in $2.7 billion in revenue this year, up from $700 million in 2023, with $1 billion coming from other businesses using its technology.

Roughly 10 million ChatGPT users pay the company a $20 monthly fee, according to the documents. OpenAI expects to raise that price by $2 by the end of the year, and will aggressively raise it to $44 over the next five years, the documents said. More than one million third-party developers use OpenAI’s technology to power their own services.

OpenAI predicts its revenue will hit $100 billion in 2029, which would roughly match the current annual sales of Nestlé or Target.

Like other high-profile tech start-ups of the last few decades, OpenAI is struggling to get its costs under control."

https://www.nytimes.com/2024/09/27/technology/openai-chatgpt-investors-funding.html