OpenAI projects $125 billion in revenue by 2029 as it expands beyond ChatGPT
OpenAI believes its revenue will soar to $125 billion in 2029 and $174 billion in 2030, as it continues to launch products beyond the ChatGPT chatbot.
The company ended 2024 with revenues of $3.7 billion, which represented a near quadrupling of the previous year’s sales. Now, according to a new report, the company is planning to spend $46 billion in cash over the next four years and expects to be positive in terms of cash flow by 2029.
That year, OpenAI expects to generate around $2 billion in cash flow, The Information reports.
OpenAI has just launched its latest AI models, the o3 and o4-mini, which it is calling the smartest yet. The models represent a significant advancement for the capabilities of ChatGPT and pave the way for more autonomous AI systems.
The company’s chief financial officer Sarah Friar said on April 14 that the company is working on an AI agent that can do all software engineering tasks. That’s a clear sign of OpenAI’s intent to become a full stack AI infrastructure provider.
OpenAI’s Sam Altman also revealed on April 11 that the company has now reached 800 million users, meaning around 10% of the global population is using its systems.
OpenAI reckons it will more than triple its earnings this year to $12.7 billion. In 2025, it expects to earn $29.4 billion. However, the company is facing huge costs associated with chips, data centres and talent.
OpenAI is also currently in talks to raise as much as $40 billion in funding, which could see it restructure into a for-profit public benefit corporation.
