OpenAI Projects 3250% Revenue Surge to 130 Billion Yuan

OpenAI's Chief Financial Officer (CFO) has announced that the company's revenue is expected to more than double this year, reaching approximately 130 billion yuan. This projection comes on the heels of the company's recent annual recurring revenue of 4 billion yuan. The CFO emphasized the need for businesses to embrace artificial intelligence (AI) to avoid falling behind in the rapidly evolving technological landscape.

The CFO stated that the company is in a phase of rapid growth and is defining a new era of artificial intelligence. When asked about the company's plans to go public, the CFO declined to provide a specific timeline.

This year has been eventful for OpenAI. In early August, ChatGPT 5 was officially released, but the market response was mixed, with users complaining about the lack of a human touch in the interface. The company's CEO acknowledged that the product launch was a failure.

In the weeks following this event, the CEO commented that the AI market is in a bubble. Around the same time, it was reported that OpenAI is in talks to sell equity worth 6 billion yuan. If the deal goes through, OpenAI's valuation would reach approximately 500 billion yuan, a significant increase from its 300 billion yuan valuation in March.

OpenAI, which is growing rapidly, hopes that Microsoft will loosen its control over its AI products. The cooperation agreement between the two companies is scheduled to last until 2030, but if the OpenAI board announces that it has developed general artificial intelligence (AGI), the agreement may be terminated early.

In June, the CEO of Microsoft's AI department downplayed any potential tension in the collaboration, stating that the partnership is currently in good shape and is one of the most successful technology collaborations in the industry. He added that the collaboration is expected to continue for at least the next five years and potentially for decades to come.

Investors are also questioning how long the high-growth cycle in the AI industry can last. The CFO believes that the industry is just getting started, comparing the development of AI to the construction of railways, which also required significant capital investment. The CFO emphasized that while the industry has made progress, it is still in its early stages, much like having laid only the tracks from New York to Baltimore, with the ultimate goal of covering the entire country and eventually the world.

Therefore, the CFO believes that those who think the current growth cycle has peaked are missing the bigger picture of the industry's potential.