News from the AI & ML world
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OpenAI has reached a significant milestone, achieving $10 billion in annual recurring revenue (ARR). This surge in revenue is primarily driven by the popularity and adoption of its ChatGPT chatbot, along with its suite of business products and API services. The ARR figure excludes licensing revenue from Microsoft and other large one-time deals. This achievement comes roughly two and a half years after the initial launch of ChatGPT, demonstrating the rapid growth and commercial success of OpenAI's AI technologies.
Despite the financial success, OpenAI is also grappling with the complexities of AI safety and responsible use. Concerns have been raised about the potential for AI models to generate malicious content and be exploited for cyberattacks. The company is actively working to address these issues, including clamping down on ChatGPT accounts linked to state-sponsored cyberattacks. Furthermore, the company will now retain deleted ChatGPT conversations to comply with a court order.
In related news, a security vulnerability was discovered in Google Accounts, potentially exposing users to phishing and SIM-swapping attacks. The vulnerability allowed researchers to brute-force any Google account's recovery phone number by knowing their profile name and an easily retrieved partial phone number. Google has since patched the bug. Separately, OpenAI is facing a court order to retain deleted ChatGPT conversations in connection with a copyright lawsuit filed by The New York Times, who allege that OpenAI used their content without permission. The company plans to appeal the ruling, ensuring that data will be stored separately in a secure system and only be accessed to meet legal obligations.
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Despite the financial success, OpenAI is also grappling with the complexities of AI safety and responsible use. Concerns have been raised about the potential for AI models to generate malicious content and be exploited for cyberattacks. The company is actively working to address these issues, including clamping down on ChatGPT accounts linked to state-sponsored cyberattacks. Furthermore, the company will now retain deleted ChatGPT conversations to comply with a court order.
In related news, a security vulnerability was discovered in Google Accounts, potentially exposing users to phishing and SIM-swapping attacks. The vulnerability allowed researchers to brute-force any Google account's recovery phone number by knowing their profile name and an easily retrieved partial phone number. Google has since patched the bug. Separately, OpenAI is facing a court order to retain deleted ChatGPT conversations in connection with a copyright lawsuit filed by The New York Times, who allege that OpenAI used their content without permission. The company plans to appeal the ruling, ensuring that data will be stored separately in a secure system and only be accessed to meet legal obligations.
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References :
- SiliconANGLE: OpenAI reaches $10B in annual recurring revenue as ChatGPT adoption accelerates
- Simon Willison's Weblog: OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth
- TechCrunch: OpenAI claims to have hit $10B in annual revenue
- www.cnbc.com: OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth.
- www.digitimes.com: OpenAI annualized revenue doubles to US$10B, eyes profitability by 2029
- www.bleepingcomputer.com: A vulnerability allowed researchers to brute-force any Google account's recovery phone number simply by knowing a their profile name and an easily retrieved partial phone number, creating a massive risk for phishing and SIM-swapping attacks.
- siliconangle.com: OpenAI reaches $10B in annual recurring revenue as ChatGPT adoption accelerates
- Analytics India Magazine: AI news updates—OpenAI’s Annual Revenue Touches $10 Billion, Up 81.8% From Last Year
- Dataconomy: OpenAI confirms $10B annual revenue milestone
- The Tech Portal: OpenAI doubles annual revenue to $10Bn from $5.5Bn in December 2024
- analyticsindiamag.com: OpenAI’s Annual Revenue Touches $10 Billion, Up 81.8% From Last Year
- Quartz: OpenAI says it's making $10 billion in annual recurring revenue as ChatGPT grows