OpenAI hit $10 billion in annualized revenue on Monday, almost doubling its 2024 ARR in six months. Investor Mark Cuban believes the ChatGPT creator’s massive sales growth reflects its standout brand in a crowded start-up market.

One analyst worries OpenAI will have trouble reaching its financial goals — and even staying afloat — if conditions shift in the AI market.

New model and bold pricing strategy aim to cement OpenAI’s lead, but enterprises must navigate integration and governance challenges to unlock full potential, analysts say.

(Reuters) -ChatGPT maker OpenAI has talked to Saudi's PIF, India's Reliance Industries and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday.

O3-pro is a version of OpenAI’s o3, a reasoning model that the startup launched earlier this year. As opposed to conventional AI models, reasoning models work through problems step by step, enabling them to perform more reliably in domains like physics, math, and coding.

Before OpenAI can go public via an IPO, it needs to come to an agreement with Microsoft about what Microsoft’s investment will be worth. Both companies are very different today than when that investment was made. OpenAI is now a big and successful operation, valued at $300 billion, with arguably the most advanced AI capabilities in the world.

It could benefit startups, research teams, and individual developers who previously found higher-tier model access cost-prohibitive.

The partnership gives the ChatGPT-maker access to Google's cloud services for training new AI models - and more distance from Microsoft.

OpenAI was targeting an early summer release date for its open model, which is slated to have similar "reasoning" capabilities to OpenAI's o-series of models.