ChatGPT-maker OpenAI’s annualised revenue reached $3.4 billion as it more than doubled in around the past half year, reported The Information outlet, citing CEO Sam Altman’s comments to employees. The AI firm’s annual revenue was around $1.6 billion late last year, according to the report. OpenAI is backed by Microsoft and works with the software giant in order to support the latter’s generative AI revamp, while expanding its own operations. The arrangement will allow Apple device users to access OpenAI’s models with less friction and fewer entry barriers. OpenAI and Oracle also announced this week that OpenAI had chosen the Oracle Cloud Infrastructure in order to extend the Microsoft Azure AI platform.

Source: The Hindu June 13, 2024 18:50 UTC