OpenAI had a staggering 690% year-over-year increase in revenue last year; the company's market share soared to 5.8%, 'a remarkable achievement for a relative newcomer in this highly competitive field,' IDC said.
Ritu Jyoti, IDC's group vice president of IDC's AI, Automation and Analytics research, said the current market shows 'no signs of slowing down. Rapid innovations in generative AI is changing how companies think about their products, how they develop and deploy AI applications, and how they leverage technology themselves for reinventing their business models and competitive positioning.'
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