Report: OpenAI scrambles to find new revenue in its 5-year business plan
After a flurry of enormous (and confusing) deals, OpenAI has committed to spending more than $1 trillion with various partners in the AI ecosystem. Now it has to figure out how to pay for it all.
The Financial Times has some details of OpenAI’s five-year business plan and how it’s exploring “creative” ideas to secure more capital.
Among the elements of the plan:
Online advertising
Revenue from shopping tools
Jony Ive-designed AI gadget sales
Selling access to Stargate cloud computing
Bespoke products for governments and businesses
New sales from Sora and ChatGPT
New fundraising rounds
OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.
Among the elements of the plan:
Online advertising
Revenue from shopping tools
Jony Ive-designed AI gadget sales
Selling access to Stargate cloud computing
Bespoke products for governments and businesses
New sales from Sora and ChatGPT
New fundraising rounds
OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.
