OpenAI aims to turn $13b revenue into $1 trillion within five years

OpenAI is reportedly planning to spend more than $1 trillion over the next decade to scale its artificial intelligence (AI) infrastructure and computing capabilities.

According to the Financial Times, the Sam Altman-owned company is currently generating $13 billion in annual revenue, with 70% coming from ChatGPT subscriptions.

The AI company’s chatbot has over 800 million regular users, though only around 5% are paying customers.

Despite the strong revenue stream, OpenAI’s ambitions far exceed its current income.

Recent deals with major chipmakers like Oracle, Nvidia, AMD, and Broadcom have secured more than 26 gigawatts of computing capacity, a massive investment aimed at powering the next generation of AI models.

To close the gap between its spending commitments and income, OpenAI is reportedly pursuing a bold five-year plan to diversify its business.

The company is exploring opportunities in government contracts, e-commerce tools, video platforms, consumer hardware, and even cloud computing through its ambitious Stargate data centre project.

With many of US’s biggest corporations now depending on OpenAI’s technology for major contracts, the stakes are high.

Analysts have warned that if OpenAI struggles to maintain its growth trajectory, it could have ripple effects across the broader US tech market.

Still, with its soaring user base and aggressive expansion strategy, OpenAI seems determined to turn its $13 billion empire into a trillion-dollar powerhouse.