Home Technology Artificial Intelligence OpenAI hits $2bn revenue milestone, looks for investors in UAE Investors have valued the San Francisco-based startup at more than $80bn by Reuters February 10, 2024 Image credit: Getty Images Microsoft-backed OpenAI hit the $2bn revenue milestone in December, the Financial Times reported on Friday, citing two people with knowledge of the artificial intelligence (AI) start-up’s finances. OpenAI believes it can more than double this figure in 2025, based on strong interest from business customers seeking to use its technology to adopt generative AI tools in the workplace, the report said. Microsoft and OpenAI did not immediately reply to Reuters’ request for comment. ChatGPT drives OpenAI revenue The company’s annualised revenue topped $1.6bn in December based on strong growth from its ChatGPT product, up from $1.3bn as of mid-October, the Information had reported previously. Investors have valued the San Francisco-based startup at more than $80bn. OpenAI chief Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world’s chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported late on Thursday. Tags ChatGPT microsoft OpenAI Sam Altman UAE You might also like India’s duty cut halts concessionary silver, platinum imports from UAE FAB posts record H1 profit of Dhs8.4bn amid strong revenue growth IPO appeal: 84% of UAE investors likely to invest in future offerings UAE hopes to reactivate trade talks with EU this year