Comment on OpenAI's annualized revenue hits $10 billion, up from $5.5 billion in December 2024
pinball_wizard@lemmy.zip 5 weeks agoI assume that any venture backed company riding the crest of a hype wave is doing all three of those things. OpenAI is real and cool, but there are more conmen than vendor labeled USB drives at an average technology investment conference.
That said, others in this thread have pointed out that while it’s a surprising number, it’s not completely implausible, by any means.
EON_GuG@lemm.ee 5 weeks ago
Well, it’s surprising that OpenAI has that kind of revenue, considering that software companies in that nonprofit sector can’t achieve that kind of revenue. If we talk about other sectors like journalism, like the Associated Press, they can achieve that kind of revenue.
I agree that in technology, there are many scammers, but most fail and don’t make an impact. But then there are others who manage to continue and make an impact, like Builder.ai or Theranos. Then there are exceptional cases that do make a big impact, like Enron or WorldCom.
Well, we’ll have to see how their income evolves next year, as well as what their plan will be to transition from a non-profit to a PBC.