"We're doing well more revenue than that,"
"We do plan for revenue to grow steeply. Revenue is growing steeply,"
"We are taking a forward bet that it's going to continue to grow and that not only will ChatGPT keep growing, but we will be able to become one of the important AI clouds, that our consumer device business will be a significant and important thing, that AI that can automate science [and] will create huge value."
"I would love to tell them they could just short the stock, and I would love to see them get burned on that,"
OpenAI reports accelerating revenue and has secured major AI infrastructure deals with Nvidia, Broadcom, and Oracle. Annual revenue is reportedly around $13 billion while financial commitments and industry capital expenditures reach into the trillions. OpenAI continues to raise tens of billions from investors and generate billions in revenue, but significant losses are expected to persist. Microsoft’s quarterly results implied OpenAI lost $12 billion last quarter after a $4 billion charge. Sam Altman emphasized steep revenue growth, plans to expand AI cloud and consumer-device offerings, and expressed eagerness to see short-sellers suffer if proven wrong.
Read at Fortune
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