OpenAI hits US$12 billion in annualised revenue, The Information reports

CHATGPT-MAKER OpenAI roughly doubled its revenue in the first seven months of the year, reaching US$12 billion in annualised revenue, The Information reported on Wednesday citing a source.

Reuters could not immediately confirm the report. OpenAI declined to comment.

The figure implies that OpenAI is generating US$1 billion a month, the report said, adding that the company has around 700 million weekly active users for its ChatGPT products used by both consumers and business customers.

The Microsoft-backed company has increased its cash burn projection to roughly US$8 billion in 2025, up US$1 billion from the cash burn it projected earlier in the year, the Information said.

The firm has been lining up investors for the second US$30 billion portion of its funding round, the report said, adding that shareholders Sequoia Capital and Tiger Global Management are investing hundreds of millions of dollars in the round.

Investors, besides Japan’s SoftBank, are close to finalising US$7.5 billion in commitments to that second portion of funding, the report said.

The Japanese conglomerate’s total agreed investment in OpenAI stood at US$32 billion since first investing in Autumn 2024. REUTERS