ChatGPT-maker OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, the Information reported on Wednesday citing a source.
Reuters could not immediately confirm the report. OpenAI declined to comment.
The figure implies that OpenAI is generating $1 billion a month, the report said, adding that the company has around 700 million weekly active users for its ChatGPT products used by both consumers and business customers.
The Microsoft-backed company has increased its cash burn projection to roughly $8 billion in 2025, up $1 billion from the cash burn it projected earlier in the year, the Information said.
The firm has been lining up investors for the second $30 billion portion of its funding round, the report said, adding that shareholders Sequoia Capital and Tiger Global Management are investing hundreds of millions of dollars in the round.