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OpenAI has announced that its annual revenue run rate (ARR) has surged to $10 billion, nearly doubling from $5.5 billion just four months earlier in December 2024. The growth is driven by soaring demand for ChatGPT among individual users and enterprise clients. As of the end of March 2025, the company reported 500 million weekly active users and three million paying business customers.
Massive New Funding
OpenAI is in talks to raise up to $40 billion in fresh funding, with SoftBank Group expected to lead the round. If successful, the raise would make OpenAI one of the most highly valued private tech companies globally, pushing its valuation toward $300 billion. The Information first reported on the company’s internal target of reaching $125 billion in revenue by 2029.
Heavy Losses Despite Revenue Growth
Despite its blistering revenue trajectory, OpenAI remains unprofitable. The company posted a $5 billion loss last year, underscoring the immense costs required to sustain growth at scale. Still, with current momentum, OpenAI is projected to hit $12.7 billion in revenue by the end of 2025, cementing its leadership in the AI sector.
Investors Bet Big on AI Market Leadership
OpenAI’s backers include Microsoft, SoftBank, Altimeter, Thrive, and Coatue. The company’s current valuation implies a roughly 30x revenue multiple—extraordinarily high, even by growth tech standards.
Its rapid rise reflects investor confidence in OpenAI’s dominant position amid fierce competition from rivals like Anthropic, which recently reported $3 billion in annual revenue.
