OpenAI says its ads business is booming as it marches toward an IPO

Image for article OpenAI says its ads business is booming as it marches toward an IPO
News Source : Business Insider

News Summary

  • OpenAI said ad sales on ChatGPT have reached $1 billion in annualized revenue run rate in less than 200 days.
  • The milestone comes as the AI company looks to drum up investor interest ahead of its much-anticipated IPO.
  • OpenAI's decision to introduce ads in its popular chatbot proved controversial, with rival Anthropic mocking the development in a Super Bowl ad.
  • The expectation is that Anthropic will make its public listing debut first, with OpenAI saying in June that it "may be a while"
OpenAI CEO Sam Altman once said that adding advertising would be a last resort for us for a business model.Kevin Dietsch/Getty Images OpenAIs ad business is on a tear.

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