OpenAI Reports $300 Million Revenue in August, Projects $3.7 Billion Annual Sales

OpenAI announced that its revenue reached $300 million in August, with an expected annual sales revenue of approximately $3.7 billion.

The company's rapid revenue growth is primarily driven by subscriptions to its ChatGPT service, including ChatGPT Plus, ChatGPT Enterprise, and ChatGPT Team. OpenAI also benefits significantly from API services for developers.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.