'OpenAI CFO Says 75% Of Its Revenue Comes From Paying Consumers; AI Startup Converting 5% To 6% Of Free Users To Paid Products; There Are More Than 1 Million Paid Users For Corporate ChatGPT' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
OpenAI's CFO revealed that 75% of the company's revenue is generated from paying consumers, with a conversion rate of 5% to 6% from free to paid users. The AI startup has over 1 million paid users for its corporate ChatGPT product.
October 28, 2024 | 5:07 pm
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Microsoft, a significant investor in OpenAI, may benefit from OpenAI's strong revenue generation and user conversion rates, potentially enhancing its AI portfolio and market position.
Microsoft has a substantial investment in OpenAI, and the latter's strong revenue and conversion metrics indicate a successful business model. This success could reflect positively on Microsoft's AI strategy and financials.
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