OpenAI announced on Monday that its annualized revenue run rate has surged to $10 billion as of June, a significant milestone driven by the booming adoption of its AI technologies, particularly its popular ChatGPT models.

This figure positions the company firmly on track to meet its ambitious full-year revenue target of $12.7 billion for 2025.

The projected annual revenue figure demonstrates robust growth, nearly doubling from approximately $5.5 billion recorded in December 2024. This acceleration underscores the increasing integration and reliance on OpenAI’s AI models across various sectors.

An OpenAI spokesperson confirmed that the $10 billion figure excludes licensing revenue from its major backer, Microsoft, and large one-time deals, indicating the strength of its core product and subscription offerings. The details were initially reported by CNBC.

Despite incurring losses of approximately $5 billion last year, OpenAI’s rapid revenue scale highlights its significant lead in the competitive AI landscape. The company’s success comes as other players in the burgeoning AI market are also experiencing growth, with competitor Anthropic recently crossing $3 billion in annualized revenue, largely due to demand from code-generation startups utilizing its models.

OpenAI has been actively pursuing strategic growth, announcing in March its plans to raise up to $40 billion in a new funding round led by SoftBank Group, which would value the company at an impressive $300 billion.

Since the launch of its groundbreaking ChatGPT chatbot over two years ago, OpenAI has continuously expanded its offerings, introducing a diverse range of subscription plans for both individual consumers and businesses. As of the end of March this year, OpenAI boasted a remarkable 500 million weekly active users, further solidifying its position at the forefront of AI innovation and adoption.