AiOpenAIUpdated 17 days ago

OpenAI's Sam Altman Projects $20B Revenue and Strong Growth Without Government Support

Sam Altman, CEO of OpenAI, announced the company has achieved a $20 billion annual recurring revenue and substantial data center commitments of $1.4 trillion. He emphasized that OpenAI will fund its investments through projected revenues, expecting to reach hundreds of billions by 2030, without seeking government guarantees. This reflects OpenAI's confidence in its business model and the growing significance of AI technology in the economy.

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AiOpenAI

Updated 17 days ago

OpenAI's Sam Altman Projects $20B Revenue and Strong Growth Without Government Support

TechCrunch17 days ago

Sam Altman says OpenAI has $20B ARR and about $1.4 trillion in data center commitments

PositiveArtificial Intelligence

Sam Altman recently announced that OpenAI has achieved an impressive annual recurring revenue of $20 billion, alongside substantial commitments of around $1.4 trillion for data centers. This news is significant as it highlights OpenAI's strong financial position and its potential for future growth, driven by a variety of upcoming business ventures that Altman believes will generate considerable revenue.

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via TechCrunch

Techmeme17 days ago

Sam Altman says OpenAI doesn't want government guarantees for data centers and expects to fund investments with revenues hitting "hundreds of billions by 2030" (Shirin Ghaffary/Bloomberg)

PositiveArtificial Intelligence

Sam Altman, CEO of OpenAI, recently stated that the company does not seek government guarantees for its data centers. Instead, OpenAI plans to fund its investments through projected revenues that could reach hundreds of billions by 2030. This is significant as it highlights OpenAI's confidence in its business model and the growing importance of AI technology in the economy.

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via Techmeme

THE DECODER17 days ago

OpenAI CEO Sam Altman expects to hit $20 billion in annual revenue by year-end

PositiveArtificial Intelligence

OpenAI's CEO, Sam Altman, is optimistic about the company's financial future, projecting an impressive $20 billion in annual revenue by the end of the year. This growth comes as OpenAI invests heavily in new data centers, demonstrating its commitment to expanding its capabilities without seeking government support. This is significant not only for OpenAI but also for the tech industry, as it reflects confidence in AI's potential to drive substantial economic growth.

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via THE DECODER