OpenAI clocked $1.6 billion worth revenue in 2023

Data obtained by Finbold has found that OpenAI achieved a financial milestone in the full year of 2023, surpassing the one billion dollar mark for the first time and reaching $1.6 billion in revenue.

According to an official release, this figure represents a year-over-year (YoY) increase of 700%, or eight times, soaring from the $200 million recorded in 2022. In 2021, the company seemingly reported revenues amounting to $34 million. Since the commencement of revenue recording, 2020 is believed to have marked the lowest figure at $3.48 million. Reportedly, OpenAI’s initial recorded revenue was in 2016 at $13.81 million.