OpenAI Reports Revenue of $1.6 Billion as CEO Sam Altman Controversy Unfolds

OpenAI reported annualized income of $1.6 billion in 2023, an increase from $1.3 billion in October, according to sources cited by The Information. This comes amidst the controversy surrounding the ouster and subsequent return of CEO Sam Altman. The company attributes a significant portion of its revenue to ChatGPT, its popular language model. Altman, who is a co-founder of OpenAI, was fired by the board under unclear circumstances but was later reinstated after facing backlash from the company’s staff. The reasons behind his initial dismissal remain unclear, with the board making vague allegations about his communication regarding OpenAI’s work.