OpenAI predicts biz can break a billion in revs by 2024 • The Register

In Brief The squishy brains behind OpenAI's artificial ones are predicting developments like the ChatGPT system will see money flooding in – with a forecast of earning around $1 billion by 2024. According to an investors' briefing document seen by Reuters the machine-learning biz expects to break $200 million in revenues next year and bust through the billion mark 12 months later. Founded by, among others, Elon Musk and Y Combinator's Sam Altman, the outfit is currently valued at around $20 billion. Part of the reason for such prognostications could be an increased role from Microsoft. Redmond took a $1 billion stake in OpenAI in 2019 and is reportedly looking to increase its investment, with a view to rolling OpenAI's tools like ChatGPT into the software giant's suite of tools for knowledge workers.