OpenAI
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 50.0m | 32.0m | 3.5m | 34.0m | 28.0m | 1.6b | 3.4b |
% growth | 50 % | (36 %) | (89 %) | 871 % | (18 %) | 5614 % | 113 % |
Profit | - | - | - | (270m) | (540m) | - | - |
% profit margin | - | - | - | (794 %) | (1929 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.0b | Grant | ||
$120k | Seed | ||
* | N/A | Seed | |
$1.0b | Late VC | ||
* | N/A | Secondary | |
N/A | Secondary | ||
* | $10.0b Valuation: $29.0b 1035.7x EV/LTM Revenues | Late VC | |
* | $300m Valuation: $29.0b 1035.7x EV/LTM Revenues | Late VC | |
N/A | Secondary | ||
N/A | Secondary | ||
* | N/A Valuation: $80.0b | Secondary | |
* | N/A | Late VC | |
Total Funding | $12.3b |
Related Content
Recent News about OpenAI
EditOpenAI is a cutting-edge artificial intelligence (AI) research and deployment company dedicated to developing safe and beneficial AI technologies. The company operates in the rapidly growing AI market, focusing on creating advanced AI models that can perform a wide range of tasks. OpenAI's mission is to ensure that artificial general intelligence (AGI)—AI systems that are generally smarter than humans—benefits all of humanity.
OpenAI serves a diverse clientele, including businesses, researchers, and developers who seek to leverage AI for various applications such as automating tasks, enhancing creativity, and improving decision-making processes. The company is known for its pioneering research and innovative products, such as Sora, which can create videos from text descriptions.
The business model of OpenAI is unique and revolves around a capped profit structure. This means that while the company aims to generate profits, there is a limit to how much profit it can make. Any excess profits are redistributed to maximize the social and economic benefits of AI technology. This model ensures that the company's commitment to safety and ethical considerations remains at the forefront of its operations.
OpenAI makes money by offering its AI models and services to clients through various channels. These include subscription-based access to its models, licensing agreements, and partnerships with other organizations. The company also collaborates with academic institutions and government bodies to address the potential risks associated with advanced AI technologies.
In summary, OpenAI is a leader in the AI industry, committed to developing technologies that are both powerful and safe. Its unique business model and focus on ethical considerations set it apart from other players in the market.
Keywords: AI research, AGI, safe AI, capped profit, ethical AI, advanced models, automation, creativity, partnerships, innovation.