OpenAI's annualized revenue nears $70 billion; company plans to raise another $30 billion before IPO
OpenAI's annualized revenue has reached nearly $70 billion, a significant increase from $40 billion in August. The company intends to raise an additional $30 billion before its IPO, aiming for a valuation of $1.4 trillion. This growth is driven by high demand for AI programming tools from both corporate and individual users. OpenAI has also updated its subscription model, introducing a $500 tier. CEO Sam Altman stated that the company is not rushing toward an IPO, preferring to remain private to maintain flexibility in addressing safety and strategic challenges. An IPO is possible by 2027. Meanwhile, due to safety concerns, the company has restricted access to its GPT-6.1 Astra model.
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