OpenAI has achieved over $1.6 billion in revenue for the year 2023, a significant increase from the $1.3 billion projected in October 2023.

Projections from OpenAI's leadership suggest the ARR could skyrocket to $5 billion by 2024, potentially marking a growth of over 200%.

The company's revenue growth is remarkable, especially considering that its total revenue for the entire year of 2022 was just $28 million.